Iris, a Calendar Year Cash Basis Taxpayer, Owns and Operates

question 69

Multiple Choice

Iris, a calendar year cash basis taxpayer, owns and operates several TV rental outlets in Florida, and wants to expand to other states.During 2012, she spends $14,000 to investigate TV rental stores in South Carolina and $9,000 to investigate TV rental stores in Georgia.She acquires the South Carolina operations, but not the outlets in Georgia.As to these expenses, Iris should:

• A)Capitalize $14,000 and not deduct $9,000.
• B)Expense $23,000 for 2012.
• C)Expense $9,000 for 2012 and capitalize $14,000.
• D)Capitalize $23,000.
• E)None of the above.

Understand the structural differences between white matter and gray matter in the brain.

Compare human brain structure and functions with other animals.

Recognize the impact of neurological diseases on specific brain regions and their functions.

Describe the role of the cerebral cortex in motor and sensory integration.

---

Definitions:

Referent Power

A form of personal power that derives from the respect, admiration, and loyalty that others have towards an individual, leading them to be influenced by this person.

Formal Leadership

Leadership roles that are officially recognized within an organization, characterized by specific responsibilities and authority granted to individuals.

Position Power

The authority and influence an individual holds in an organization due to their rank or role within the hierarchy.

Referent Power

A form of influence that a leader has over their followers based on their charisma and followers' identification with or admiration for them.