Fact Pattern 28-4BMary's home is in a state that has a $30,000 homestead exemption. Mary defaults on a $60,000 debt that she owes to Nina. Mary's home is sold at auction for $80,000.Refer to Fact Pattern 28-4B. Nina may recover
A. 0.
B. $30,000.
C. $50,000.
D. $60,000.
Answer: C
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The chronological resume is a less effective format for applicants who:
A) have a consistent career history with no gaps. B) have progressed up a clearly defined career ladder. C) are seeking jobs different from the job currently held. D) are well qualified and have a lot of experience.
In recording the trade of one asset for another, which of the following accounts is usually debited?
a. Cash b. Accumulated Depreciation-Old Asset c. Gain on Exchange of Asset d. None of these
According to the Bureau of Labor Statistics, between now and the year 2020, the U.S. economy will reduce the number of sales jobs by more than 2 million.
Answer the following statement true (T) or false (F)
If the assets of Marco's Pet Store are $107,000 and the owners' equity is $75,000, which of the following is a correct statement?
A. The owners' investment equals $182,000. B. The current assets are worth $32,000. C. The new income for the period is $32,000. D. The long-term liabilities are $75,000. E. The liabilities are $32,000.