Which of the Following Is Not Typically Considered to Be

question 47

Multiple Choice

Which of the following is not typically considered to be a "hot asset?"

• A)Accounts receivable of a cash basis partnership.
• B)Inventory with a basis of $10,000 and a fair market value of $15,000.
• C)Depreciation recapture potential.
• D)Stock held for investment.
• E)Land held for development.

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Definitions:

Golden Section

A mathematical ratio denoted by the Greek letter phi (φ), approximately equal to 1.618, which is considered aesthetically pleasing and is found in art, architecture, and nature.

Aesthetically Pleasing

Something described as aesthetically pleasing is considered to be visually attractive or beautiful in appearance.

Rationalize

Rationalizing is the process of eliminating the square root or imaginary number from the denominator of a fraction.

Simplify

To simplify in mathematics means to alter an expression to a more concise, equivalent form, making it easier to work with or understand.