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NEW QUESTION: 1
Ramesh living in Kolkata is a trustee for Brijesh living in Mumbai, Ramesh remits trust funds to Brijesh by bills drawn by a person of high creditworthiness in favor of the trustee as such and payable at Mumbai. The bills later got dishonored. Is Ramesh bound to make good the loss?
A. No
B. Yes
Answer: A

NEW QUESTION: 2
In June, Bubba bought 100 shares of XYZ at $35. In November, he bought a listed put in XYZ with a $35
strike price and a July expiration for a premium of $600. If Bubba sells the stock at $45 in July, what is his
resulting tax liability for that transaction?
A. no liability established until the offsetting option position is closed
B. a $400 capital loss
C. a $1,000 gain
D. a $400 gain
Answer: C
Explanation:
a $1,000 gain. There is a $1,000 gain on the stock. The option is a separate capital asset.

NEW QUESTION: 3
Welche der folgenden Aussagen zu Testtechniken ist WAHR?
A. Die Planung der Testausführung sollte erfahrenen Tests Vorrang einräumen
B. Erfahrene Techniken sind systematisch und liefern detaillierte Testdokumentationen
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D. Erkundungstests können Black-Box-Techniken ersetzen, wenn die Testzeit sehr begrenzt ist
Answer: D