All of the Following Are True Except

question 34

Multiple Choice

All of the following are true except

• A)gross investment minus depreciation equals net investment.
• B)Karl Marx said that capital is produced by the capitalist.
• C)inventory investment is less stable than investment in plant and equipment.
• D)capital can be acquired by borrowing,working more or consuming less.

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Definitions:

Schedule C

A form used by self-employed individuals or sole proprietors to report their business income and expenses to the IRS.

Ordinary Gain

Ordinary gain refers to the profit that arises from the sale of an asset or property, which is taxable at standard income tax rates.

Receivables

Money owed to a business by its clients or customers for goods or services that have been delivered but not yet paid for.

Artistic Works

Original items or creations, like paintings, music, literature, etc., often protected by copyright law.