List the types of update anomalies?
What will be an ideal response?
Insertion anomaly, deletion anomaly, and modification anomaly.
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Which of the following types of corporations sells shares to people who often have little interest in it except as investors?
A. Nonprofit corporations B. Closely held corporations C. Municipal corporations D. Publicly held corporations
When an additional partner is admitted to a partnership by contribution of assets to the partnership
A) the total assets of the partnership do not change B) no liabilities can be contributed at the same time C) the amount of the cash contribution is the same as the amount of the debit to the new partner's capital account D) the total of the owner's equity accounts increases
Kurtis is CEO of Heinrich’s Doll shop in Tempe, Arizona. Ann is the Vice President of the Doll Shop. They are at odds over the best dolls to stock in the store. Kurtis is adamant that they should carry Barbie dolls, while Ann thinks Barbie dolls are outdated and somewhat sexist. Ann wants to carry American Girl dolls instead. They decide to meet to resolve their disagreement. Before the meeting, they each outline their objectives and goals regarding the situation. At the beginning of the meeting, they set ground rules and expectations for the negotiations. According to the negotiation process outlined in your text, what should be their next step?
a. Providing supporting evidence for their positions b. Bring in a consultant to study the problem c. Implement a third-party plan d. Play rock, paper, and scissors to determine a winner
Kylie filed a Chapter 7 bankruptcy petition in which she exempted her home, valued at $125,000 . Kylie can exempt her entire home from all creditors if:
a. she claims her exemptions under the federal Bankruptcy Code. b. she lives in a state that allows for an exemption amount of $125,000 or more. c. she lives in a state that allows an exemption amount of $125,000 or more, she has lived in that state for at least two years prior to the bankruptcy, and there are no secured creditors with perfected liens against the home. d. None of the above.