When a property is subject to a mortgage, who is responsible for paying the taxes??
A) ?the mortgage abates tax liability
B) ?the bank
C) ?the mortgagee
D) ?the mortgagor
C
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Which of the following is NOT true regarding standards for interim reporting?
a. Declines in inventory value should be deferred to future interim periods. b. Use of the gross margin method for computing cost of goods sold must be disclosed. c. Costs and expenses not directly associated with interim revenue must be allocated to interim periods on a reasonable basis. d. Gains and losses that arise in an interim period should be recognized in the interim period in which they arise if they would not normally be deferred at year-end.
The success of the fast-food industry in the United States is directly related to
a. the fact that people of the United States are rather informal when compared to people of other countries. b. semantic differences of the United States compared to other cultures. c. the value U.S. Americans place on time. d. the attitude U.S. Americans have toward work.
The situation analysis is composed of which three subsections?
A. market summary, SWOT analysis, and competition analysis B. SWOT analysis, target market, and controls C. SWOT analysis, competition analysis, and financials D. market summary, financials, and controls E. market summary, competition analysis, and financials
Treasury bills do not
A) pay interest. B) have a maturity date. C) have a face amount. D) have an active secondary market.