Residential rental property is defined as property from which more than 80% of the gross rental income is rental income from dwelling units.
Answer the following statement true (T) or false (F)
True
Rental property will be classified as residential if more than 80% of rental receipts are derived from dwelling units.
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Which of the following describes the cost of goods manufactured?
A) the cost of the goods that were sold during the period B) the total cost of all goods that were completed, or partially completed during the period C) the cost of those goods that were completed during the period D) the total costs in inventory at the end of the period
Donna wants to buy a new coat. During the ________ stage of the buyer decision process she will ask her friends to recommend stores that sell good quality winterwear clothing
She will also go through newspapers and magazines to look out for offers and sales on coats. A) product evaluation B) alternative evaluation C) need recognition D) information search E) purchase decision
Modesto, Inc leased machinery with a fair value of $250,000 from Layton Machine Co on December 31 . 2014 . The contract is a six-year noncancelable lease with an implicit interest rate of 1 . percent. The lease requires annual payments of $50,000 beginning December 31 . 2014 . Modesto appropriately accounted for the lease as a capital lease. Modesto's incremental borrowing rate is 1 . percent
Assuming the present value of an annuity due of 1 for 6 years at 1 . percent is 4.7908 and the present value of an annuity due of 1 for 6 years at 1 . percent is 4.6048, what is the lease liability that Modesto should report on the balance sheet at December 31 . 2014? a. $189,540 b. $200,000 c. $230,240 d. $239,540
Marketing research is different from everyday observation in that it is
a. planned b. based on prior experience c. done with care and thought d. expensive e. quantitative