A Business Bad Debt Gives Rise to an Ordinary Deduction

question 80

True/False

A business bad debt gives rise to an ordinary deduction while a nonbusiness bad debt is treated as a short-term capital loss.

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Definitions:

Electrical Charge

A fundamental property of matter that exists in either a positive or negative state and causes it to experience a force when placed in an electromagnetic field.

All-Or-None Law

A principle that states that the strength of a response of a nerve cell or muscle fiber is not dependent on the strength of the stimulus; if a stimulus is above a certain threshold, a nerve or muscle fiber will fire.

Action Potentials

Action potentials are rapid rises and falls in the electric potential across a nerve cell's membrane, allowing for the transmission of neural signals.

Action Potential

A rapid rise and fall in electrical charge across a cell's membrane, allowing for nerve signal transmission.