Which of the Following Is a Capital Asset

question 65

Multiple Choice

Which of the following is a capital asset?

• A) Accounts receivable of an accrual basis business
• B) Business equipment
• C) Self-created goodwill
• D) Purchased goodwill

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Definitions:

Reactive Responses

The actions or behaviors that are performed as a direct result of a stimulus or situation, often without prior planning.

Projection

A defense mechanism where individuals attribute their own unwanted feelings, motives, or thoughts to another person.

Threatening Impulses

Internal desires or drives that are perceived as dangerous or unacceptable, leading to anxiety or psychological discomfort.

Defense Mechanism

Psychological strategies used unconsciously by individuals to protect themselves from anxiety and cope with reality or maintain self-image.