The general problem with metes and bounds descriptions is:
A) They are invalid legal descriptions
B) They have to contain a street address.
C) They have to have certain and stable beginning and ending points in order to be valid.?
D)There are generally no legal problems with metes and bounds descriptions.
C
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When Congress changes the tax laws or rates, a corporation's deferred tax liability and asset accounts
A) are not adjusted. B) are adjusted as of the end of the year in which the change occurred. C) are adjusted as of the beginning of the year in which the change occurred. D) are adjusted using the average of the old and new tax rates.
The VALS framework segments consumers is based on
A. their product usage, age, and gender. B. where they live. C. their demographics. D. their media usage and their demographics. E. their primary motivation for buying products and their resources.
The recent controversy over the age of Chinese Olympic gymnasts because of differing ages on their passports and in government files exemplifies the difficulty with the ________ of secondary data in global markets.
A. extendibility B. accessibility C. dependability D. compatibility E. comparability
Augustus, Inc buys designer clothing to sell in its retail stores. Since much of the merchandise comes from New York and Europe, Augustus must pay freight charges to get the merchandise shipped in. Which of the following statements must be true?
A) Transportation-in, paid by Augustus, is added to the inventory account under the periodic system. B) Transportation-in, paid by Augustus, is subtracted from purchases under the periodic system. C) Freight charges are only paid by a buyer in a periodic system. D) Transportation-in is included in the total cost of purchases used to determine cost of goods sold in a periodic system.