Nancy owned business equipment with a $16,950 adjusted basis and a $7,500 FMV that was destroyed by a tornado. The equipment was uninsured. As a result of this casualty, Nancy:
A. Recognizes a $7,500 Section 1231 loss
B. Is allowed to deduct a $7,500 ordinary loss
C. Is allowed to deduct a $16,950 ordinary loss
D. Recognizes a $16,950 Section 1231 loss
Answer: C
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Culture helps the organization members deal with two issues that all organizations must resolve. These are ______.
a. how organization members should relate to one another and to the world outside b. how to identify guest key drivers and employee expectations c. how to improve the guest-service product and environment d. how to process more information and meet managerial expectations
Which of the following statements about legitimate power is false?
A. Legitimate power cannot function without obedience. B. Legitimate power is at the foundation of our social structure. C. Legitimate power is often derived from manipulating other sources of power. D. Legitimate power creates social structures that are inherently inefficient.
The difference between what was paid for inputs and what should have been paid for inputs is referred to as a _________________________
Fill in the blank(s) with correct word
Businesspeople who adhere to a consequential theory of ethics look at the actions of a business or any other societal unit only in terms of whether the results can be rationalized
Indicate whether the statement is true or false