Which of the following statements is false regarding a bargain sale? explain The difference between...

Which of the following statements is false regarding a bargain sale? explain

       The difference between the fair market value of the asset and the
consideration received in exchange for the asset is considered a gift.
       The gift portion of a bargain sale will qualify for the annual exclusion.
       A bargain sale is generally inappropriate if the buyer of the property is a
family member.
       If the property is sold by the seller for more than the seller’s basis in the
property, a taxable gain will result.

Expert Solution

The following statement is false

The gift portion of a bargain sale will qualify for the annual exclusion. The reason is the gift portion is taxable and hence cannot be considered as excluded from the annual portion.

jeff jeffy answered 2 years ago

Regarding the differences between financial accounting and management accounting, which of the following statements is false?...

Regarding the differences between financial accounting and management accounting, which of the following statements is false? Select one: a. management accounting is less constrained than financial accounting b. the distinction between the two areas, to some extent, reflects differences in access to financial information c. there is no overlap between management accounting and financial accounting d. managers have much more control over the form and content of their reports

Which of the following statements is false regarding a general partnership?

Which of the following statements is false regarding a general partnership?A.It is easy to create.B.Income of the business is personal income.C.Business losses can be deducted from taxes.D.The partners are considered agents of the partnership.E.In most cases partners do not have personal liability for losses.

Which of the following statements is false regarding credit risk analysis?

Which of the following statements is false regarding credit risk analysis?Multiple ChoiceA lender is protected against credit risks by a loan’s covenant provisions since the interest rate is fixed by the Federal Reserve Bank.High-quality financial statements help a credit analyst to see the true performance at a company.Greater default risk is determined to exist when there is significant organizational reliance on a certain individual or customer.An estimate of a firm’s future financial condition is very important to most lending decisions.

Which of the following statements regarding Lewis dot symbols of ions is false? Which of the...

Which of the following statements regarding Lewis dot symbols of ions is false? Which of the following statements regarding Lewis dot symbols of ions is false? Mg2+ always has one electron around it. In ionic compounds containing chloride, ions, Cl− is isoelectronic with Ar. In magnesium sulfide, S2− has eight electrons. In sodium chloride, Na+ has no electrons around it.

Which of the following statements regarding t and z distributions is/are true? Correctany false statements to...

Which of the following statements regarding t and z distributions is/are true? Correctany false statements to make them true. A) The area under a t-distribution to the left of -1.97 is greater than the area to the right of 2.17 for a sample of any size. B) The area under the curve (AUC) to the right of t=2.00 when n=15 is smaller than the AUC to the right of t=2.00 when n=50. C) The t-curve has thinner tails and a...

Which of the following statements are FALSE regarding the Lewis structures of XeFO3- and XeFO3+ ?...

Which of the following statements are FALSE regarding the Lewis structures of XeFO3- and XeFO3+ ? Question options: The octet rule is violated in XeFO3+. There is a formal charge on O in XeFO3+. There is a formal charge on O in XeFO3-. The Xe atom in XeFO3+ has a single non-bonding electron pair. The xenon atom in XeFO3- has a single non-bonding electron pair.

Which of the following statements is FALSE regarding financial intermediaries? A. A stock broker acts as...

Which of the following statements is FALSE regarding financial intermediaries? A. A stock broker acts as a financial intermediary by bringing together buyers and sellers of stocks. B. A financial advisor is a financial intermediary since he/she gives financial advice to households regarding saving for retirement. C. Banks and credit unions are a financial intermediaries since they act as a middle man between households wanting to borrow and those wanting to lend . D. Investment companies act as a financial...

Which one of the following statements regarding exchange-traded funds (ETFs) is false?

Which one of the following statements regarding exchange-traded funds (ETFs) is false? The ETFs offer clients professional investment management and advice. The ETFs trade at a price close to NAV. The number of shares in the ETFs can change over time Most ETFs track an index

Which of the following statements regarding antidiuretic hormone is false? A. It is also called vasopressin...

Which of the following statements regarding antidiuretic hormone is false? A. It is also called vasopressin B. It increases water reabsorption by the kidney C. An increase in plasma osmolarity can stimulate its release D. A decrease in blood volume or blood pressure can stimulate its release E. Its target cells are found in the proximal convoluted tubule of a nephron

Which of the following statements regarding monetization is false? a. Laws in the United States do...

Which of the following statements regarding monetization is false? a. Laws in the United States do not allow the government to borrow borrowing directly from the central bank. b. The amount of income the government derives from monetization is measured by the resulting increase in the monetary base. c. In current times, issuing new money means literally printing new paper money to hand out to civil servants, contractors, and creditors. d. If used without limit, monetization provides absolute protection against...

Question