MrAnd MrsSykes Operate a Very Profitable Small Business

question 97

Multiple Choice

Mr.and Mrs.Sykes operate a very profitable small business.This year,the Sykes recognized a $100,000 gain on sale of a trade name they had created and copyrighted for use in their business in 1994.Which of the following statements is true?

• A)The $100,000 gain is capital gain eligible for a preferential tax rate.
• B)The $100,000 gain is capital gain against which the Sykes can deduct any capital losses recognized this year.
• C)The $100,000 gain is ordinary business income.
• D)Statements a.and b.are true.

Recognize the characteristics and practices of transactional and transformational leaders.

Comprehend the contingency theory of leadership and its implications for matching leadership styles to specific situations.

Identify the components and significance of servant leadership.

Understand the importance of reinforcement schedules in learning new behaviors.