What is the name given to a security arrangement in which all the personal property of the business are pledged as collateral?
A) general security agreement
B) mortgage
C) chattel mortgage
D) personal property security arrangement
E) conditional sale
A
You might also like to view...
The provisions of IFRS require firms to classify marketable securities into which of the following categories?
a. Held to maturity investments for which a firm has both the intent and the ability to hold to maturity—shown on the balance sheet at an amount based on acquisition cost, but subject to impairment. b. Debt and equity securities held as financial assets at fair value through profit or loss, shown on the balance sheet at fair value, with changes in fair value of securities held at the end of the accounting period reported each period in net income. c. Debt and equity securities held as available-for-sale financial assets, shown on the balance sheet at fair value, with unrealized changes in fair value of securities held at the end of the accounting period included in other comprehensive income, and realized changes in fair value included in net income when a firm sells the securities. d. all of the above e. choices a and b, only.
In a process costing system, the entry to record cost of materials assigned to a production department requires a debit to the Work in Process Inventory account for that department and a credit to the Raw Materials Inventory account.
Answer the following statement true (T) or false (F)
Which of the following statements about customer value is true?
A. People in the organization who are not in the sales or customer service areas should never be called upon to help resolve a customer's problem. B. Building relationships with customers means providing customer value before, but not after the purchase of a product or service. C. Retaining current customers is usually less costly than taking customers away from a competitor. D. A firm's advertising department cannot be expected to develop ads to convince a customer to buy from the firm more than once. E. None of these statements is true.
Long-term care insurance provides money to help pay for nursing home and home health care expenses
Answer: TRUE