In the Kelo case, what happened after the court ruled against the homeowners?

a. Their houses were torn down and Pfizer built its facilities
b. The city changed its plans and the houses were not torn down
c. The houses were torn down, but the site remains undeveloped
d. The homeowners appealed again and won the right to keep their homes


.C

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Mr. and Mrs. King had only one casualty loss this year when a tornado (a federally declared disaster) damaged their home, decreasing its value by $70,000. The couple received a $48,000 reimbursement from their insurance company. Compute the Kings' itemized deduction for casualty losses if their AGI was $98,200.

A. $21,900 B. $12,080 C. $60,080 D. $22,000

Business

The five management theories include classical, management science, contingency, behavioral, and ______ theories.

a. functions b. systems c. specialization d. method

Business

A company purchases equipment for $32,000 cash. This transaction should be shown on the statement of cash flows under

A) investing activities B) financing activities C) noncash investing and financing activities D) operating activities

Business

Which is the best way for a speaker to begin the Q & A session?

A. “I hope you don’t have any questions.” B. “Now I will answer your questions.” C. “Are there any questions?” D. “Do we have time for a question?”

Business