The subdivision of real property into lots for resale when no substantial physical improvements have been made to the property never causes the gain from sale of the lots to be treated as ordinary income
a. True
b. False
Indicate whether the statement is true or false
False
RATIONALE: Section 1237 allows certain real estate investors capital gain treatment if they engage only in limited development activities, but professional real estate developers generally have ordinary gain or loss.
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Which of the following is least likely to satisfy the audience's informational needs?
A) Accurate information B) Ethical information C) Pertinent information D) Quality information E) Background information
In the capital investment decision process, the management accountant's responsibilities lie in the area of
a. methods of computation and final screening. b. final selection of alternatives. c. detection of facility need. d. initial screening.
According to research, task conflict results in increased team effectiveness irrespective of the trust in the team and the manner in which the conflict is managed.
Answer the following statement true (T) or false (F)
Gary, Louise, and Brian, who own competing gas stations in town, happen to see each other at a restaurant one morning and have breakfast together. While talking, they decide to set their gas prices at the same amount. They have committed an illegal act only if the agreed price is unfair to consumers
a. True b. False Indicate whether the statement is true or false