Some of the requirements for the error variable in a multiple regression model are that the probability distribution is ____________________ with a mean of ____________________
Fill in the blank(s) with correct word
normal; zero
normal; 0
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______________________________ is a liquidity measure that is calculated by subtracting current assets from current liabilities
Fill in the blank(s) with correct word
Because of in rem jurisdiction, if Illinois resident Andy sues Alabama resident Carol over a Illinois property dispute and Carol refuses to respond, the Illinois court may:
a. not decide who the rightful owner is because it lacks personal jurisdiction over Carol b. not decided who the rightful owner is because it lacks personal jurisdiction over Alabama c. decide who the rightful owner is because the property is located in Illinois d. decide who the rightful owner is because Illinois and Alabama have a special agreement e. none of the other choices are correct
On October 1, 2018, Wonderland, Inc. lent $2,400 to Alice Lewis on a 6-month 4% promissory note. The journal entry to record the note for Wonderland, Inc. would be to:
A) debit Note Receivable/A Lewis, $2,400; credit Cash, $2,400. B) debit Note Receivable/A Lewis, $2,448; credit Cash, $2,448. C) debit Note Receivable/A Lewis, $48; credit Interest Income, $48. D) debit Cash, $2,400; credit Note Payable/A Lewis, $2,400.
In 2019, Mary recognized a $45,000 gain on the sale of Section 1231 property. Over the previous five-year period, Mary recognized the following net Section 1231 gains and (losses): 2018 ($28,000)2017 $16,0002016 ($30,000) Mary's 2019 gain is characterized as
A. $45,000 ordinary gain B. $28,000 ordinary gain and $17,000 capital gain C. $45,000 capital gain D. $42,000 ordinary gain and $3,000 capital gain