The Privacy Act provides that documents in the possession of federal administrative agencies are confidential to the respective agencies and cannot be accessed by the public
Indicate whether the statement is true or false
FALSE
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Sara's Designs purchased equipment at the beginning of 2015 for $11,000 . Sara decided to depreciate the equipment over a 5-year period using the straight-line method. Sara estimated the equipment's residual value at $1,000 . The estimated fair market value at the end of 2015 was $10,000 . Which of the following statements is correct concerning Sara's financial statements at December 31, 2015?
a. The book value of the equipment is $7,200. b. The book value of the equipment is $9,000. c. The total accumulated depreciation is $2,200. d. The equipment will be reported on the balance sheet at it fair market value of $10,000.
Soleful Shoes, Inc owns property in Somalia. The Somalian government seizes the property. In order for the seizure to be considered an expropriation and not a confiscation, the Somalian government must
a. pay just compensation to Soleful Shoes. b. give Soleful Shoes at least thirty days notice of the seizure. c. give Soleful Shoes at least ninety days notice of the seizure. d. notify the U.S. government before the seizure.
If Sears department store managers looked at Macy's department store prices for identical national brands and, based on that information, decided to advertise a sale on those products, they would be exercising which pricing method?
A. Competition-based B. Demand-based C. Cost-based D. Premium E. Penetration
Service Efforts and Accomplishments Reporting is intended to communicate information about the effectiveness of governmental services.
Answer the following statement true (T) or false (F)