Industrial goods can be classified as ________, capital items, or suppliers and business services based on their relative cost and how they enter the production process
A) service components
B) sub-assemblies
C) accessories
D) specialty goods
E) materials and parts
E
Business
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Mr. and Mrs. Hand jointly gave a $100,000 outright gift in 2017 to an unrelated friend, Green, who needed the money to pay some legal expenses. In filing their gift tax returns for 2017, Mr. and Mrs. Hand elected gift splitting. They were entitled to exclusions aggregating
A. $0 B. $7,000 C. $14,000 D. $28,000
Business
The building and personal property coverage form provides several optional coverages. Under one optional coverage, no deduction is taken for depreciation when settling a covered loss. This optional coverage is called
A) extra expense. B) agreed value. C) replacement cost. D) inflation guard.
Business