If a deed is executed, acknowledged and recorded, there is presumption of delivery and acceptance
Indicate whether the statement is true or false
True
You might also like to view...
A company issues 10% bonds with a par value of $180,000 at par on January 1. The market rate on the date of issuance was 9%. The bonds pay interest semiannually on January 1 and July 1. The cash paid on July 1 to the bond holder(s) is:
A. $0. B. $8100. C. $18,000. D. $9000. E. $16,200.
Which of the following is not a significant difference between the allowance method and the direct write-off method?
A. One method reports net realizable value on the balance sheet and the other does not. B. One method conforms to GAAP and the other typically does not. C. One method requires the estimation of uncollectible accounts and the other does not. D. One method requires writing off of uncollectible accounts and the other does not.
In a recent survey of computer ownership, 73.4% of the respondents indicated they own PC computers, while 21.8% indicated they own both PC and Mac computers, and 80.1% said they own at least one of the two computers
a. What is the probability that a respondent owns a Mac computer? b. Given that a respondent owns a PC, what is the probability that the respondent also owns a Mac? c. Are events "P" and "M" mutually exclusive? Why or why not? Explain using probabilities. d. Are the two events "P" and "M" independent? Explain, using probabilities.
Long-term financial plans must include capital expenditures
Indicate whether this statement is true or false.