For a Business,Sec.1231 Property Does Not Include

question 81

Multiple Choice

For a business,Sec.1231 property does not include

• A)timber,coal,or domestic iron ore.
• B)inventory purchased 24 months ago.
• C)an office building purchased five years ago.
• D)land used in the business that was purchased two years ago.

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Definitions:

Employment Opportunities

Availability of jobs in the economy for people who are willing and able to work.

Acquaintances

People one knows slightly, but who are not close friends.

Boss

A person in charge of a worker or organization, responsible for directing and overseeing the work of others.

Samuel Stouffer

An American sociologist known for his works on social research and theory, particularly relating to the American soldier in World War II.