Things such as radio towers, bridges, and water filtration plants are not real property
Indicate whether the statement is true or false
FALSE
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Word association is the best known of the ________ techniques
A) expressive B) association C) completion D) construction
Eric Company reports its income from its investment in Kate Company under the equity method. Eric recognized income of $150,000 from its investment in Kate during the current year. No dividends were declared or paid by Kate during the year. Eric would show the $150,000 in its statement of cash flows for the current year prepared under the indirect method as
a. cash from investing activities. b. a reduction of the investment account. c. a deduction from net income in the operating activities section. d. a noncash activity.
Badger Corporation purchased a machine for $132,000 on January 1 . 2011, and depreciated it by the straight-line method using an estimated useful life of eight years with no salvage value. On January 1 . 2014, Badger determined that the machine had a useful life of six years from the date of acquisition and will have a salvage value of $12,000 . A change in estimate was made in 2014 to reflect
these additional data. What amount should Badger record as the balance of the accumulated depreciation account for this machine at December 31 . 2014? a. $73,000 b. $77,000 c. $61,250 d. $63,600
When is the felony murder rule applied?
A) when the murder was committed without intent while committing another crime B) when the crime involves the intended murder of another person C) when the felon in the case was killed while the crime transpired D) when the reason for the death is found to be involuntary manslaughter