What is the second major activity in the project identification and selection process?

When choosing a background for your slides, the most effective approach is to

A) use dark colors such as blue. B) pair complex patterns with intricate borders. C) choose a simple design. D) make every background the same. E) use soft, soothing imagery.

Stan sells a piece of land he used in his auto repair business at a gain of $9,000 in 2017 . In addition, Stan sells equipment he purchased in 2012 for $8,000 . He paid $20,000 for the equipment that had an adjusted basis of $12,000 when it was sold. He also sells some stock in 2017 at a loss of $11,000 . No losses on the disposition of assets were recognized in prior years. The effect of these

transactions on Stan's 2017 taxable income is: a. Decrease of $6,000. b. Decrease of $3,000. c. Increase of $6,000. d. Zero, with a long-term capital loss carryback of $2,000. e. Zero, with a long-term capital loss carryback of $6,000.