One of the properties of all collections is Count, which is the number of objects in the collection
Indicate whether the statement is true or false
TRUE
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Raptor Company owns a tract of land that it purchased in 2008 for $200,000 . The land is held as a future plant site and has a fair market value of $280,000 on July 1 . 2014 . Talon Company also owns a tract of land held as a future plant site. Talon paid $360,000 for the land in 2013 and the land has a fair market value of $380,000 on July 1 . 2014 . On this date, Raptor exchanged its land and
paid $100,000 cash for the land owned by Talon. The exchange had commercial substance. At what amount should Raptor record the land acquired in the exchange? a. $280,000 b. $300,000 c. $320,000 d. $380,000
An increasing number of companies find ways to perform well with relatively little financial or physical capital. This is referred to as being ______.
a. low-cap b. asset-light c. revenue-neutral d. capital-adverse
Securities that firms expect to hold for more than one year from the date of the balance sheet appear in investments in securities, classified as a current asset on the balance sheet
Indicate whether the statement is true or false
A relaxed dress code adopted by many companies is commonly called dress casual. _________________________
Answer the following statement true (T) or false (F)