Property Exclusion to Capital Gains: selling property in the ordinary course of business: does NOT apply to capital gains because it's _________________

Fill in the blank(s) with the appropriate word(s).

Ans: ordinary income

Business

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Unit cost of a product is directly related to the production volume

Indicate whether the statement is true or false

Business

Due to union contracts or company policies, some organizations promote employees because of seniority

Indicate whether the statement is true or false

Business