Some courts have ruled that an alternative to "replacement cost less depreciation" should be used to determine the actual cash value of a property loss
Under this alternative, the value of property lost is determined by the price a willing buyer would pay a willing seller for the property in a free market. This method of determining actual cash value is called the
A) intrinsic value method.
B) valued policy method.
C) fair market value method.
D) forensic cost method.
Answer: C
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A negotiated transfer price
A) is one that is bargained for between the managers of the buying and selling divisions. B) would not be based on a product market price that has been reduced through bargaining by division managers. C) could never be used in an agreement based on standard costs and a profit margin. D) is usually developed by lawyers following defined legal procedures.
One of the reasons given for the success of reality television shows is that the shows appeal to a cultural bias that real-life drama is preferable to fiction
Americans desire adventure and escapism that offered them the opportunity for participation but do not require it. In terms of the five characteristics of innovations that affect the rate of adoption, reality television shows have a high degree of ________ . A) innovation B) complexity C) tangibility D) divisibility E) compatibility
For data having a bell-shaped distribution, approximately __________ percent of the data values will be within one standard deviation of the mean.
A. 95 B. 66 C. 68 D. 97
Which of the following entries records the withdrawal of cash for personal use by Ty Knott, the owner of a business?
A. debit Ty Knott, Drawing, and credit Cash B. debit Cash and credit Ty Knott, Capital C. debit Salary Expense and credit Cash D. debit Cash and credit Salary Expense