Bulletin Structures

question 61

Multiple Choice

Bulletin structures:

• A)are most effective in spots where traffic is heavy and visibility is good.
• B)are assembled in the plant's shop.
• C)are smaller than structures with eight-sheet posters.
• D)are designed for short-term use only.
• E)generally measure 8 by 12 inches.

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Definitions:

Trade or Business

Trade or Business is an activity carried on for the purpose of earning profit by providing goods or services, and is characterized by regularity and continuity.

Section 1231 Asset

A tax term referring to depreciable property or real estate used in a trade or business that, if sold, can result in favorable capital gains treatment.

Ordinary Gain

Gain characterized as ordinary income for tax purposes, typically resulting from the sale of assets not considered capital assets.

Sold

The act of transferring ownership of an item or asset for money or value in exchange.