Proctor Inc

question 91

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

Understand the concept of value co-creation in marketing.

Analyze the impact of the marketing orientation on business strategies.

Understand the characteristics and focus of different marketing eras including production-oriented, sales-oriented, market-oriented, and value-based marketing.

Recognize the importance and methods of customer relationship management (CRM) in building customer loyalty.

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Definitions:

Demand

The amount of a product or service buyers are prepared and capable of buying at a specific price.

Tax

A mandatory monetary fee or different kind of tax enforced on a taxpayer by a government entity.

Supply

The aggregate supply of a distinct item or service offered to purchasers.

Cloth

A material made from fibers, woven or knitted together, used to make garments and other items.