Marvin Is in the Business of Song Writing

question 98

Multiple Choice

Marvin is in the business of song writing.He writes jingles for web ads. He writes a song and sells it for a lump sum. He has:

• A)Sold a capital asset.
• B)Sold an ordinary asset.
• C)No gain or loss.
• D)An ordinary gain.
• E)b.and d.

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Definitions:

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Long-term objectives intended to guide the direction and decision-making processes of an organization or individual in pursuit of favorable outcomes.

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A former U.S. military general and statesman known for his leadership roles, including serving as Secretary of State.

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