Four years ago, an individual taxpayer purchased silver coins at face value for $200. The coins were stolen in the current year, when their fair market value was $1,000. The coins were not covered by insurance. Without considering the limit based on AGI, what is the maximum amount of loss that the taxpayer can deduct on the current-year's tax return?

A stock's book value and par value are normally the same or nearly the same

Indicate whether the statement is true or false.

Assume a manufacturing company that has started production in the current year. Which of the following would result in the highest profit being reported if the company has 1,000 units of ending inventory?

A) throughput costing B) variable costing C) absorption costing D) standard costing