Which of the following expense items is(are) deductible as rental expense for a rental property?
A. Travel related to the property
B. Management fees
C. All are deductible expenses
D. Repairs and maintenance
Answer: C
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Which of the following sentences reflects the use of active voice?
a. The new product line will be developed by the Research and Development department. b. The secretary was promoted by her supervisor to an administrative assistant position. c. The land developer signed the contract yesterday. d. It was determined that sales have fallen significantly.
If the contracted goods are unique and fail to be delivered, the buyer can ask a court under 2-716 of the UCC to order:
a. allocation of risk of loss. b. consequential damages. c. cover. d. specific performance.
The free-market system is also called ________.
A. volunteerism B. socialism C. capitalism D. dogmatism
Which of the following is not an action performed in combination with information to pursue the goals of managerial accounting?
A. Measure. B. Invent. C. Interpret. D. Identify. E. Analyze.