Column 1 Column 2 Column 3 Column 4 Cash Short & Over

Intangible attributes often play dominant roles in determining the value of outputs from a service organization. These characteristics often lead service firms to rely on:

a. Input-related measures for measuring and monitoring operations. b. Output-related measures for measuring and monitoring operations. c. Intuitive judgment in monitoring operations. d. Qualitative measures exclusively for measuring and monitoring operations. e. Quantitative measures of output.

A sole proprietorship purchased an asset for $1,000 in 2017 and its value was $1,500 at the end of 2017 . In 2018, the sole proprietorship sold the asset for $1,400 . The sole proprietorship realized a taxable gain of $400 in 2018 but an economic loss of $100 in 2018

a. True b. False Indicate whether the statement is true or false