The holding period for a real property investment to qualify as a long-term capital gain is more than

A) one month
B) six month
C) twelve month
D) two years

Answer: C) twelve month

Business

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A report prepared by a processing department for equivalent units of production, production costs, and the assignment of those costs to the completed and in-process units is called a(n) ________

A) organizational report B) equivalent units report C) job costing report D) production cost report

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When real property is being escrowed, the escrow holder may do which of the following:

A: Accept written instructions from the seller and buyer to change the price and terms without the approval of any agents; B: Receive closing funds on the buyer's behalf from the broker's trust account; C: Try to settle a disagreement between the buyer and seller; D: Cancel the escrow if the buyer doesn't perform in a timely manner.

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