The properties used in operation activities of a business is call:

a. Revenue
b. Withdrawal
c. Assets
d. Expense
e. Liabilities

Ans: c. Assets

Business

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A two-sample t-test is the parametric counterpart of the Wilcoxon signed rank sum test for matched pairs

Indicate whether the statement is true or false

Business

Which of the following is/are correct regarding the sale of a principal residence? I. A single taxpayer can only use the $250,000 exclusion once every 3 years. II. Married taxpayers who both meet the ownership and use tests and file jointly can each exclude $250,000 of gain ($500,000 total) on the sale of their principal residence

a. Only statement I is correct. b. Only statement II is correct. c. Both statements are correct. d. Neither statement is correct.

Business