Derek,age 46,is a Surviving Spouse

question 72

True/False

Derek,age 46,is a surviving spouse.If he has itemized deductions of $11,600 for 2010,Derek should not claim the standard deduction.

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Definitions:

Operating Cash Flows

The cash generated from the normal operations of a business, including the production and sale of goods or services.

Marketability

The ease with which an asset can be bought or sold in the market without affecting its price.

Operating Cash Flow

The cash generated from a company's normal business operations before financing and investment activities.

Net Capital Spending

The total expenditure on fixed assets less any sales of fixed assets during a given period, often used in assessing a company's investment in physical assets.