Which of the following below is an example of a capital expenditure?
A) cleaning the carpet in the front room
B) tune-up for a company truck
C) replacing an engine in a company car
D) replacing all burned-out light bulbs in the factory
C
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Adjusting entries are useful in apportioning costs among two or more accounting periods
Indicate whether the statement is true or false
In order to better understand the terms of the insurance policy, I requested a written copy
What will be an ideal response?
Increasingly, employers will seek experienced and competent public relations professionals to help them ________
A) spin the best stories in the media B) boost revenues above all else C) create winning sales management campaigns D) communicate with key publics
Andrew Durham was injured in a job-related accident that resulted in a workers' compensation settlement agreement with the employer's insurance carrier, Traveler's Indemnity Company. The settlement agreement required Traveler's to pay Durham $2500 per
month for the rest of his life. To finance its obligation, Traveler's purchased an annuity in its name. The settlement agreement required Traveler's approval or written consent prior to an assignment of the annuity payments. Durham later decided to open a business and went to a credit union for a $214,000 loan. The credit union loaned the money, taking a security interest in Durham's monthly annuity payments. Traveler's consent was never secured. Discuss the conditions in which a right may not be assigned and assess if this was this a valid assignment.