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NEW QUESTION: 1
R acquired a property by way of gift from his father in the previous year 1991-92 when its FMV was Rs. 3 lakh. The father had acquired the property in the previous year 1983-84 for Rs. 2 lakh. This property was introduced as capital contribution to a partnership firm in which R became a partner on 10/06/2011. The market value of the asset as on 10/06/2011 was 10 lakh, but it was recorded in the books of account of the firm at Rs. 8 lakh. Compute the capital gain chargeable in the hands of R.
A. Rs. 11,055/-
B. Nil
C. Rs. 7,040/-
D. Rs. 3,075/-
Answer: A
NEW QUESTION: 2
How is the time that an agent waits for log records to be flushed to disk calculated?
A. LOG_WRITE_TIME divided by TOTAL_COMMITS
B. LOG_WAIT_TIME divided by TOTAL_COMMITS
C. LOG_END_TIME divided by TOTAL_COMMITS
D. LOG_FLUSH_TIME divided by TOTAL_COMMITS
Answer: A
NEW QUESTION: 3
In the short run average variable costs may fall as output rises. Which ONE of the following is a cause of this?
A. Greater efficiency in use of variable resources such as labor
B. Total costs rise less than proportionately with output
C. The firm enjoys economies of scale
D. Fixed costs are spread across a larger amount of output
Answer: A