Which of the following statements is true about accession?
A. Under accession, the owner of the original property generally doesn't become the owner of the improvements.
B. Accession is the intermixing of goods belonging to different owners in such a way that the goods cannot later be separated.
C. Even if a person improves personal property without the consent of its owner, he has to be reimbursed by the owner.
D. A person who mistakenly improves property in good faith assuming that he is its owner is usually entitled to recover the cost of the improvement.
Answer: D
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Tropic Breeze Residences, Inc, owns apartment buildings. Umberto leases one of Tropic Breeze's apartments. Umberto's transfer of his interest in the lease to Vito for a period shorter than the lease term is
a. an assignment. b. a license. c. adverse possession. d. a sublease.
Sparkling Pools performed $2,400 of pool maintenance services during July; the customers had paid in advance for these services in June. The company performed $1,500 of pool maintenance services during July and collected payment from those customers in August. Also, during July, the company accepted an order to perform $750 of pool maintenance services in August; the customers will pay for these services in August. The company uses accrual basis accounting. The Service Revenue account should be credited for:
A. $2,400 in June, $1,500 in July, and $750 in August. B. $0 in June, $2,400 in July, and $2,250 in August. C. $2,400 in June, $0 in July, and $2,250 in August. D. $0 in June, $3,900 in July, and $750 in August.
______ cultures are more likely to stress interdependence, intuition, and concern for others.
A. Feminine B. Masculine C. Uncertainty-avoidant D. Collectivistic
HCM evolved from the concepts of "personnel management" and "human resource management."
Answer the following statement true (T) or false (F)