Which of the following is an example of a capital investment in real estate?
A) fixing a broken fence
B) adding a room above the garage
C) replacing faulty electrical wiring
D) none of the above
B
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Purchase decisions are based on how consumers perceive prices and what they consider the current actual price to be–not the marketer's stated price
Indicate whether the statement is true or false
Most accounting systems evolve as the business grows and requires changes in their methods for collecting, accumulating, and reporting information
Indicate whether the statement is true or false
Which of the following statements is true about the Federal Arbitration Act (FAA) of 1925?
A) The FAA restricts parties from obtaining a court order to compel arbitration with an arbitration agreement. B) The FAA restricts federal courts from hearing issues of law that have been decided by an arbitrator. C) The FAA provides that arbitration agreements involving commerce are revocable contracts under ordinary circumstances. D) Breach of contract cases and tort claims are not candidates for arbitration as per the FAA.
The purpose of the CCAA is
A) to provide an orderly system to pay off creditors when a corporation goes bankrupt B) to let a corporation restructure its debt so it can return to profitability C) to attract new investors to a struggling corporation D) to provide an orderly system to dissolve a corporation and distribute its assets to creditors and shareholders E) let creditors and shareholders get the maximum rate of return for the debts they are owed by a corporation