A check is a special type of draft

Indicate whether the statement is true or false


True

Business

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In October 2014, Pollock Company exchanged a used packaging machine having a book value of $240,000 for a new machine and paid a cash difference of $30,000 . The market value of the used packaging machine was determined to be $280,000 . The exchange had commercial substance. In its income statement for the year ended December 31 . 2014, how much gain should Pollock recognize on this exchange?

a. $0 b. $10,000 c. $30,000 d. $40,000

Business

The strategy for trade union renewal which focuses on grassroots recruitment among workers traditionally under-represented by unions is referred to as:

a. servicing b. organising c. partnership d. back to basics

Business

A pairwise comparison rating of 9 means that the two alternatives are

A) equally preferred. B) moderately preferred. C) strongly preferred. D) very strongly preferred. E) extremely preferred.

Business

A covenant ________ promises that the grantor of an interest in land will execute any additional documents required to perfect the title of the grantee

A)of seisin.? B) of further assurances. C) against encumbrances. D)of quiet enjoyment.

Business