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never [62]
3 years ago
6

For an individual business owner, which of the following would typically be classified as a capital asset for federal income tax

purposes? a. Marketable securities. b. Inventory. c. Machinery and equipment used in a business. d. Accounts receivable.
Business
1 answer:
alisha [4.7K]3 years ago
6 0

Answer:

a. Marketable securities

Explanation:

A(correct one). Capital assets are able to cover all marketable securities unless the taxpayer becomes a dealer.

B -incorrect. The inventory is not such as capital although it is asset. It is fixed asset type

C-incorrect. The assets which are depreciable must be excluded from capital assets group. Because they will be fixed ones again.

D-incorrect. Accounts receivable of a business are excluded from the definition of capital assets. because they are the other section of accounting elements and not considered as asset at all.

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67 people of 350 surveyed gave your company five stars. Of men, 40 out of 175 gave your company five stars. Was your company rat
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The company was rated 5 stars more by Men

Explanation:

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3 years ago
g he contractual rate of interest on a Bond is also known as a. the effective interest rate. b. the stated interest rate. c. the
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2 years ago
Suppose a firm doubles its inputs (therefore doubling its total costs as well). If this firm is experiencing diseconomies of sca
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<h2>Under diseconomies of scale,firms experience decreasing returns to scale.Hence,the answer would be option B. or output will increase but less than double.</h2>

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