Construction on a building began on January 2, 2015. As between a construction mortgage recorded on January 11, 2015, and a plumber who records a lien on March 15, 2015:
A) The plumber will have priority in a dates back state
B) The construction mortgage always has priority.
C) The plumber will have priority if it did its work prior to January 11.
D) The plumber and construction mortgage are on equal footing.
A
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If a company constructs an asset over a period of time and borrows money, the amount of interest incurred during construction on the borrowed money is
a. capitalized as part of the cost of the plant asset. b. amortized over the construction period. c. reported as interest expense on the income statement. d. reported as depletion on the income statement.
A method of assigning probabilities based upon judgment is referred to as the _____ method.
A. relative B. probability C. classical D. subjective
The Dodd-Frank Act offers financial whistleblower incentives for reporting about ______.
a. tax violations b. discrimination issues c. federal contractor fraud d. securities violations
Around the world, the practice of public relations has declined somewhat from its peak in the late 1990s
Indicate whether the statement is true or false