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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. 7,040/-
B. Nil
C. Rs. 11,055/-
D. Rs. 3,075/-
Answer: C
NEW QUESTION: 2
How is the time that an agent waits for log records to be flushed to disk calculated?
A. LOG_FLUSH_TIME divided by TOTAL_COMMITS
B. LOG_WRITE_TIME divided by TOTAL_COMMITS
C. LOG_END_TIME divided by TOTAL_COMMITS
D. LOG_WAIT_TIME divided by TOTAL_COMMITS
Answer: B
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. The firm enjoys economies of scale
C. Fixed costs are spread across a larger amount of output
D. Total costs rise less than proportionately with output
Answer: A