Which of the following statements about wills is correct?
a. A will must be written on one piece of paper.
b. Another writing may be incorporated by reference into a will.
c. The testator must sign his or her full name.
d. The testator cannot have any "help" in signing a will.
b
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A balance sheet account that is usually reported at fair value is
A) Marketable Securities. B) Land. C) Accounts Payable. D) Inventory.
Which is the most commonly computed coverage ratio?
A) debt ratio B) interest coverage ratio C) return on common equity D) net profit margin
Marks Corporation has two operating departments, Drilling and Grinding, and an office. The three categories of office expenses are allocated to the two departments using different allocation bases. The following information is available for the current period: Office ExpensesTotal Allocation BasisSalaries$30,000 Number of employeesDepreciation 20,000 Cost of goods soldAdvertising 40,000 Net sales ItemDrilling Grinding TotalNumber of employees 1,000 1,500 2,500 Net sales$325,000 $475,000 $800,000 Cost of goods sold$75,000 $125,000 $200,000 The amount of the total office expenses that should be allocated to Grinding for the current period is:
A. $54,250. B. $45,000. C. $35,750. D. $600,000. E. $90,000.
The various economic systems around the world are
A. always shaped by the free decisions of producers and consumers. B. based on the ideal of a pure subsistence economy. C. known collectively as the command economy. D. heavily influenced by a society's political institutions. E. equally effective at providing for the needs of citizens.