Which of the following is true of a financial statement?
A) It is not signed by a debtor
B) It can be substituted by a security agreement.
C) It does not describe the collateral.
D) It contains the mailing address of a guarantor.
B
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On June 30, 2014, a fire in Walnut Company's plant caused the total loss of a production machine. The machine was being depreciated at $20,000 annually and had a carrying amount of $160,000 at December 31 . 2013 . On the date of the fire, the fair value of the machine was $220,000, and Walnut received insurance proceeds of $200,000 in October 2014 . In its income statement for the year ended
December 31 . 2014, what amount should Walnut recognize as a gain or loss on disposition? a. $0 b. $20,000 loss c. $40,000 gain d. $50,000 gain
A principal is contractually bound to a third party if the agent acts without any authority but the principal ratifies the contract
a. True b. False Indicate whether the statement is true or false
Today, husbands married to women in paid jobs equally share the responsibility for family care and housework.
Answer the following statement true (T) or false (F)
In order to estimate the average electric usage per month, a sample of 256 houses was selected and their electric usage was determined. Assume a population standard deviation of 500 kilowatt-hours. a.Determine the standard error of the mean.b.With a .95 probability, determine the margin of error.c.If the sample mean is 2500 kWh, what is the 95% confidence interval estimate of the population mean?
What will be an ideal response?