Proctor Inc

question 6

Multiple Choice

Proctor Inc. was incorporated in 2004 and adopted a calendar year. Here is a schedule of Proctor's net Section 1231 gains and (losses) reported on its tax returns through 2009. In 2010, Proctor recognized a $25,000 gain on the sale of business land. How is this gain characterized on Proctor's tax return?

• A) $25,000 Section 1231 gain
• B) $19,700 ordinary gain and $5,300 Section 1231 gain
• C) $15,900 ordinary gain and $9,100 Section 1231 gain
• D) $25,000 ordinary gain

Recognize the use of psychological testing in employment settings.

Understand the role of rating scales and validity scales in psychological assessments.

Recognize the application of personality testing in career counseling.

Identify the unique focuses of different personality tests.

---

Definitions:

Researching

The act of systematically investigating and studying materials and sources to establish facts and reach new conclusions.

Kohlberg

A theorist known for his theory of moral development, which suggests that people progress through stages of moral reasoning.

Moral Development

Moral development is the process by which individuals acquire and understand moral concepts, ethical principles, and values, guiding their behavior across the lifespan.

Heinz

Heinz may refer to a brand name commonly associated with food products, particularly known for ketchup, or it could refer to the ethical dilemma in Kohlberg's moral development theory involving a man named Heinz.