The wash sale provisions apply to which of the following?
I.Tom realizes an $8,000 loss on June 17, 2020, on the sale of 650 shares of Roadrunner Corporation common stock. He replaces the 650 shares with Hawke Inc. stock on July 8, 2020.II.Rosie realizes a $6,000 loss on December 29, 2020, on the sale of 40 Billings corporate bonds. Each bond has a face value of $1,000. She replaces the Billings corporate bonds with 30 Redeemer corporate bonds, each with a face value of $1,000 on January 16, 2021. The Redeemer bonds have the same interest rate and maturity date but a different bond rating (AAA) as the Billings bonds.?
A. Only statement I is correct.
B. Only statement II is correct.
C. Both statements are correct.
D. None of the statements are correct.
Answer: D
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The most generalized form of flexible leadership is represented by which approach?
a. path-goal b. Hersey/Blanchard situational leadership c. Vroom/Jago contingency leadership d. none of these
Answer the following statements true (T) or false (F)
1. At the end of the year, Mary's supervisor asked her to record sales transactions for products that would not ship until the following year, and she complied. Mary has violated IMA ethical standards. 2. A company's organizational chart shows the relationships between departments and divisions and the managers that are responsible for each section. 3. Most companies structure their organizations along departments or divisions. 4. A company's president or chief executive officer (CEO) is selected by the stockholders. 5. Staff positions are directly involved in providing goods or services to customers.
Identify a true statement about the philanthropic perspective of the economic model of corporate social responsibility.
A. It recognizes that every business decision imposes costs on someone and mandates that those costs be acknowledged. B. This approach is especially common with small, privately owned businesses where the owners also often play a prominent leadership role within their local community. C. It argues that business has an ethical duty to respect the rights of consumers to such things as safe products and truthful advertising, even when not specified in law. D. This approach holds that as long as managers comply with the moral minimum and cause no harm, they have a responsibility to maximize profits.
Common law, like statutory law, is prospective
a. True b. False Indicate whether the statement is true or false