Battery is putting another in apprehension of an imminent threat to his or her physical safety.
Answer the following statement true (T) or false (F)
False
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Grantly Seafood is a calendar year taxpayer. In 2019, a hurricane destroyed three of Grantly's fishing boats with a $784,500 aggregate adjusted tax basis. On October 12, 2019, Grantly received a $1 million reimbursement from its insurance company. On May 19, 2020, Grantly purchased a new fishing boat for $750,000. Compute Grantly's recognized gain or loss on the involuntary conversion and its tax basis in the new boat.
A. $215,500 recognized gain; $750,000 basis in the boat B. $250,000 recognized gain; $784,500 basis in the boat C. $250,000 recognized gain; $750,000 basis in the boat D. None of the above
Henderson's Appliance Store had net income of $202,000 this year with owner's equity of $325,000. What is the return on investment for the year?
The median of a data set is found by adding all the values in the data set and then dividing the result by the number of observations
Indicate whether the statement is true or false
A commercial bank recognizes that its net income suffers whenever interest rates increase. Which of the following strategies would protect the bank against rising interest rates?
A. Entering into an interest rate swap where the bank receives a fixed payment stream, and in return agrees to make payments that float with market interest rates. B. Purchase principal only (PO) strips that decline in value whenever interest rates rise. C. Enter into a short hedge where the bank agrees to sell interest rate futures. D. Sell some of the bank's floating-rate loans and use the proceeds to make fixed-rate loans. E. Buying inverse floaters.