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NEW QUESTION: 1
On June 30, 1991, Mill Corp. incurred a $100,000 net loss from disposal of a component of a business. Also, on June 30, 1991, Mill paid $40,000 for property taxes assessed for the calendar year 1991. What amount of the foregoing items should be included in the determination of Mill's net income or loss for the six-month interim period ended June 30, 1991?
A. $70,000
B. $90,000
C. $120,000
D. $140,000
Answer: C
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Which of the following statements is true?
A. The maximum average percent of time that a trunk is inactive is known as the duty cycle.
B. Increasing the number of trunks decreases the duty cycle.
C. All of the above.
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Answer: B
NEW QUESTION: 3
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