The City of Springfield donates land worth $250,000 to Deuce Corporation to induce it to locate in Springfield and provide 1,000 jobs for its citizens. How much gross income must Deuce Corporation recognize because of the land contribution, and what is the land's basis to Deuce Corporation?
A) $250,000 income; $250,000 basis
B) $250,000 income; $0 basis
C) $0 income; $250,000 basis
D) $0 income; $0 basis
A) $250,000 income; $250,000 basis
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Eli is talking to the new girl at school, Naomi. “Yo. What’s up? Your like, mad chill. You’re one of the coolest chicks I know. You want to turn up at the Nash tonight? Hashtag yaaaaaassssss!” Naomi thinks about going just as her Professor walks by. Eli surprisingly turns to Dr. Heinrich and says “Good morning Dr. I enjoyed your lecture this morning. Looking forward to next week’s class!” Naomi is surprised by Eli’s change in vocabulary. Eli exemplifies which concept?
a. High-context b. Social context c. Slang context d. Low-context
In order to maintain high inventory turnover, discount stores choose
A. full-service over self-service. B. goods over services. C. breadth over depth. D. depth over breadth. E. self-service over full-service.
With participating life insurance you can lower your premiums by changing your lifestyle
Indicate whether the statement is true or false
Nick Leeson traded simultaneously on two exchanges in two different time zones. Does the fact that he was trading on two exchanges simultaneously automatically mean he was speculating, or is it what he was doing that makes the trades speculative?
What will be an ideal response?