The SBA's website resource targeted at assisting women-owned business is known as the SBA's Online Women's Resource and Growth Center.
Answer the following statement true (T) or false (F)
False
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If the exporter believes the political and commercial risks are not sufficient to require a letter of credit, the exporter may agree to payment on a ______ draft basis, which is less costly to the buyer.
Fill in the blank(s) with the appropriate word(s).
Blitza Inc. owned real property used for 12 years in its business that was subject to a $294,500 nonrecourse mortgage. Blitza failed to make timely mortgage payments, so the creditor foreclosed. At date of foreclosure, Blitza's basis in the property was $300,000, and the property's appraised FMV was $260,000. Which of the following statements is true?
A. Blitza recognizes a $40,000 Section 1231 loss. B. Blitza recognizes a $5,500 Section 1231 loss. C. Both Blitza has no legal obligation to settle the $34,500 unpaid balance of the mortgage and Blitza recognizes a $5,500 Section 1231 loss is true. D. Blitza has no legal obligation to settle the $34,500 unpaid balance of the mortgage.