Which of the Following Assets Held by a Cash Basis

question 99

Multiple Choice

Which of the following assets held by a cash basis accounting firm is a § 1231 asset?

• A) An account receivable from a client.
• B) A desk used in the business and held more than one year.
• C) An investment in Orange Company common stock.
• D) A computer used in the business, held more than one year, but fully depreciated under § 179 when acquired.
• E)B and d.

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Definitions:

Biological Model

An approach in psychology and medicine that focuses on biological factors as the main cause of mental disorders.

Nonbiological Factors

Influences on human behavior and health that are not genetic, such as environment, social conditions, and lifestyle.

Abnormal Behavior

Actions or behaviors that deviate significantly from what is considered typical or normal within a cultural or societal context, which can indicate a psychological or mental health issue.

Psychological Conflicts

Internal struggles that result from opposing desires, impulses, or needs within an individual.