When a company exchanges nonmonetary assets and a loss results, the company recognizes the loss only if the exchange has commercial substance.
a. true
b. false
Answer: b. false
Business
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In determining gain or loss on real property acquired by purchase, for federal income tax purposes, the term "unadjusted basis" most nearly means:
A: Original cost; B: Original cost plus improvements minus losses; C: Original cost plus or minus improvement costs, losses and depreciation; D: Original cost minus losses.
Business
Which of the following is least likely to improve communication efforts?
A) Developing a corporate presence on all available social media sites B) Using technology to aid in communication, not replace it C) Being proficient with basic features and functions of technologies D) Disregarding information that is not useful E) Speaking with coworkers face to face whenever practical
Business