Which of the following is NOT mentioned in the text as a primary criterion for evaluating secondary data?

Horizontal analysis provides a year-to-year comparison of a company's performance in different periods

Indicate whether the statement is true or false

Mr. Smith, who owns an apartment and no other real property, sustained a $30,000 operational loss for the last tax year. For income tax purposes he may

A: Deduct only $10,000 of the loss each year for the next 3 years; B: Deduct the full amount from his ordinary income; C: Use the loss to offset any capital gains realized; D: Deduct only one-half of the loss from ordinary income.