Interests in oil, gas, and mineral rights are classified as ________
A) statutorily defined securities
B) implicit securities
C) investment contracts
D) common securities
A
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Answer the following statements true (T) or false (F)
1.We have a tendency to shift responsibility for communication problems and perceptual distortions away from ourselves and onto other people with whom we hold relationships. 2.The gender constructs that we create tend to limit how we are perceived and may lead to inaccurate judgments of others. 3.The second step we would use associated with uncertainty reduction theory would be to organize the information we have gathered so that we are able to store it and/or use it. 4.Selective attention is our preference for people and messages that confirm our existing beliefs, values, or attitudes, such as paying attention to messages delivered by a candidate we are supporting. 5.Selective retention is the practice by which we recall things that reinforce our thinking and forget things we find objectionable, such as recalling positive qualities of people we like and negative qualities of people we dislike.
Salvage value is
a. also called depreciable cost; b. part of accumulated depreciation; c. shown on the balance sheet as a contra-asset; d. an expense when the asset is sold; e. none of these.
Bagrov Corporation had a net decrease in cash of $18,000 for the current year. Net cash used in investing activities was $60,000 and net cash used in financing activities was $46,000. What amount of cash was provided (used) in operating activities?
A. $(18,000) used. B. $(88,000) used. C. $88,000 provided. D. $124,000 provided. E. $(124,000) used.
Underfoot Products uses standard costing. The following information about overhead was generated during May: Standard variable overhead rate $2 per machine hour Standard fixed overhead rate $1 per machine hour Actual variable overhead costs $390,000 Actual fixed overhead costs $175,000 Budgeted fixed overhead costs $190,000 Standard machine hours per unit produced 10 Good units produced 18,000
Actual machine hours 200,000 Using the above information provided for Underfoot Products, compute the fixed overhead budget variance. A) $5,000 (F) B) $5,000 (U) C) $10,000 (F) D) $15,000 (F)