Seaside Vistas leases an apartment to Tori. During a severe storm, the premises are destroyed by flood. Under most state laws, liable for the rent for the rest of the lease term is

A. no one.
B. Seaside and Tori in proportionate amounts.
C. Seaside only.
D. Tori only.


Answer: A

Business

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Exhibit 7-2 Edwards Co purchased raw materials with a cost of $95,000 on March 2, 2015. Credit terms of 3/20, n/60 applied. Refer to Exhibit 7-2. If Edwards uses the net method and pays for the purchase on March 18, 2015, what amount is recorded in the Purchase Discounts Taken account?

A) $0 B) $2,850 C) $5,000 D) $3,000

Business

Custom Auto Body & Detailing, LLC, is a limited liability company. Unless indi-cated otherwise on the Custom Auto's federal tax form, the firm will be taxed as

a. a cooperative. b. a corporation. c. a joint venture. d. a partnership.

Business

A(n) ________ is inventory carried into a week but too small to prevent a shortage

Fill in the blanks with correct word

Business

A column's ____________________ identifies the type of data that can be stored in a column

Fill in the blank(s) with correct word

Business