Question: PLEASE STATE TRUE OR FALSE ? A) When the selling price is received over several taxation years, the vendor may report a portion of the

PLEASE STATE TRUE OR FALSE ?

A) When the selling price is received over several taxation years, the vendor may report a portion of the capital gain in each of those years. The amount would be computed in proportion of the receipts in the year compared to the total proceeds of disposition. TRUE OR FALSE?

B) There are fewer conditions required to recognize a capital loss on a loan than on a share investment. A loan only needs to become uncollectible for the loss to be allowed. In the case of shares, the company must be bankrupt or insolvent before the loss would be allowed. TRUE OR FALSE?

C) The cost of an option acquired for the right to purchase property would be added to the cost of the property, if and when the property were purchased. TRUE OR FLASE?

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