An SQL virtual table is called a view
Indicate whether the statement is true or false
TRUE
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Which of the following provides the catalyst for all operating budgets?
a. Firm's ten-year plan b. Production budget (units) c. Capital expenditures budget d. Unit sales forecast
How is the section on financial viability more than a financial model?
a. It carries less detail. b. It carries more detail. c. It explains why customers would give you money. d. It explains the size of the market.
The accounts receivable ledger for Acme Auto Parts is shown below. Prepare a schedule of accounts receivable as of March 31, 2019. Alison ArngrimDATEEXPLANATIONP.R.DEBITCREDITBALANCE2019????? Mar. 1Balance???5,000 2Cash receiptJ3?2,0003,000Johnathan GilbertDATEEXPLANATIONP.R.DEBITCREDITBALANCE2019????? Mar. 1Balance???2,545 15Sales Slip 100J31,000?3,54520Cash ReceiptJ3?2,5451,000Matthew LaborteauxDATEEXPLANATIONP.R.DEBITCREDITBALANCE2019????? Mar. 1Balance???500 25Sales Slip 101J3250?75028Sales Slip 102J32,000?2,750
What will be an ideal response?
An office building owned by Abby and used in her business was destroyed in a fire. Abby's adjusted basis in the building was $145,000 and its FMV was $180,000. Abby filed an insurance claim and she was reimbursed $160,000. In that same year, Abby invested $150,000 of the insurance proceeds in another business building.
a. Assume Abby made the proper election with regard to the involuntary conversion. What is the amount of gain to be recognized by Abby? b. What is Abby's basis in the new building?