Debit & Credit Financing, Inc, and Equity Lending Company are secured parties with security interests in property owned by Fleet Shipping Corporation. Priority between these security interests is generally determined by
a. the amount of the claim.
b. the custom in the trade.
c. the time of perfection or attachment.
d. the "float" of the liens.
C
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Bondholders claims on the assets of the corporation rank ahead of stockholders
Indicate whether the statement is true or false
Clear Window Cleaners Clear Window Cleaners purchased new cleaning equipment at the beginning of 2011. The equipment has a cost of $53,000, an estimated life of 5 years, and an estimated residual value of $3,000. A full year's depreciation expense is to be recorded in 2011. The equipment was used 20,000 hours during 2011 and 24,000 hours during 2012. The number of expected hours over five years
is 125,000. Refer to the information provided for Clear Window Cleaners. Clear Window is comparing the straight-line and double-declining-balance depreciation methods. Of these two methods, which method creates the larger expense and larger tax savings in 2011? A) Straight-line depreciation creates the larger expense, while double-declining-balance depreciation creates the larger tax savings. B) Straight-line depreciation creates both the larger expense and the larger tax savings. C) Double-declining-balance depreciation creates both the larger expense and the larger tax savings. D) Double-declining-balance depreciation creates the larger expense, while straight-line depreciation creates the larger tax savings.
Which of the following is not a feature of a neural network?
A. Neural networks can analyze linear relationships only. B. Neural networks can cope with huge volumes of information with many variables. C. Neural networks can learn and adjust to new circumstance on their own. D. Neural networks can function without complete or well-structured information.
Whenever an organizing drive begins, employees are asked to sign ________ that designate the union as the employees' exclusive representation in bargaining with management.
A. liability waivers B. authorization cards C. exclusive contracts D. union letters of intent