For a security interest to attach, there must be an agreement
a. True
b. False
Indicate whether the statement is true or false
True
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The ________ includes civil, criminal, and accounting reforms that drastically expand the accountability demanded of corporate officers and directors.
A. Foreign Corrupt Practices Act B. Computer Fraud and Abuse Act C. Sarbanes-Oxley Act D. Electronic Communications Privacy Act
Local legislation regulating zoning and noise levels are examples of ________.
A. ordinances B. treaties C. administrative decisions D. administrative rules
If demand changes greatly with price, the demand is inelastic
Indicate whether the statement is true or false
On a multiple-step income statement, gains or losses on sale of equipment would be shown
a. before gross profit on sales. b. after gross profit on sales but before income from continuing operations. c. after income from continuing operations but before income from extraordinary items. d. after income before extraordinary items but before net income.