Investments in a private-purpose trust fund should generally be reported using:
A. Cost Basis.
B. Equity Method.
C. Fair Market Value.
D. None of the above.
Answer: C
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The British economist G. MacDougall compared the labor productivity ratios and export ratios for the United Kingdom and the United States in order to test
a. Adam Smith's principle of absolute advantage. b. David Hume's price specie flow mechanism. c. David Ricardo's principle of comparative advantage. d. William Benoit's theory of mercantilism.
If the landlord recovers from the assignor, the assignor has no course of action to recover from the assignee
Indicate whether the statement is true or false
Separate customer accounts receivable are called subsidiary accounts
Indicate whether the statement is true or false
Criminal acts:
a. need not be planned b. must be premeditated c. must be tried within a month of being committed d. must be tried by at least 5 judges e. need not be illegal