Which of the following is a blog network?
A) Facebook
B) Gawker Media
C) MySpace
D) Groupon
E) YouTube
B
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Morris recently purchased a building and the tract of land on which it is located. Morris plans to raze the building immediately and to erect a new building on the site. The appraised value of the original building should be
A) written off as an extraordinary loss in the year the building is razed. B) capitalized as part of the cost of the land. C) depreciated over the period from the date of acquisition to the date that the building is to be razed. D) capitalized as part of the cost of the new building.
If a repossessed product is sold for more than what is owed by the debtor:
a. the seller is not obligated to return the difference b. the seller is obligated to return the difference c. the debtor and seller must split the difference d. the seller must give the debtor at least 50% of the difference e. none of the other choices are correct
Gotham City acquires $25,000 of inventory on November 1, 20X7, having held no inventory previously. On December 31, 20X7, the end of Gotham City's fiscal year, a physical count shows $8,000 still in stock. During 20X8, $6,500 of this inventory is used, resulting in a $1,500 remaining balance of supplies on December 31, 20X8.Based on the preceding information, which of the following would be the correct account balances for 20X8 if Gotham City used the purchase method of accounting for inventories? ExpendituresInventory ofSuppliesA)$0 $8,000 B)$0 $1,500 C)$6,500 $1,500 D)$6,500 $0
A. Option A B. Option B C. Option C D. Option D
Miriam opened a yarn craft store in her small town based on her personal interests and hobbies. There were no competitors locally; the merchandise was readily available; and she had the initial capital to open the store. Yet her business failed. Too few customers visited her store. What was Miriam's fatal flaw?
A. The merchandise was patent-protected. B. Miriam could not raise enough capital. C. Miriam lacked industry knowledge. D. Miriam ignored the market limitations.