Encryption is usually fully transparent to the PC user
Indicate whether the statement is true or false.
Answer: TRUE
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For a lease that contains a bargain purchase option, minimum lease payments include
A) any guarantee by the lessee of the residual value. B) any payments on failure to renew or extend the lease. C) executory costs. D) minimum periodic rental payments required by the lease over the lease term.
The primary difference between ordinary repairs and extraordinary repairs is:
A. ordinary repairs are expenditures for routine maintenance and upkeep, whereas extraordinary repairs increase an assets economic usefulness in the future through increased efficiency, capacity, or longer life. B. extraordinary repairs are expenditures, not expenses. C. ordinary repairs cost less. D. extraordinary repairs only maintain the asset for a short time, whereas ordinary repairs increase the usefulness of assets beyond their original condition.
Which of the following statements about property and casualty insurance company operating results is (are) true?
I. An insurance company can have a combined ratio greater than 1 (or 100 percent) and still be required to pay income taxes. II. By all measures, the property and casualty insurance industry is highly profitable when compared to other industries. A) I only B) II only C) both I and II D) neither I nor II
Which of the following statements is not correct with respect to contributions to a private not-for-profit?
A. Contributions to a not-for-profit are recorded at fair market value at the date the pledge is made. B. Revenues, including contributions are considered to be unrestricted unless donor-imposed restrictions apply. C. Contributions of assets other than cash to a not-for-profit are recorded at the donor's basis. D. Contributions to a not-for-profit may be restricted as to purpose or time or for plant acquisition.