In most states, the statute of limitations for tort actions is ________
A) 30 days from the date of injury
B) 45 days to 11 months from the date of injury
C) 2 to 4 years from the date of injury
D) 4 to 7 years from the date of injury
C
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All of the following are benefits of leasing except:
a. They have the ability to shift the tax benefits from depreciation and other deductions from a lessee that has little or no taxable income to a lessor that has substantial taxable income. b. They provide flexibility to change capacity as needed without having to purchase or sell assets. c. They have the ability to reduce the risk of technological obsolescence, relative to outright ownership, by maintaining the flexibility to shift to technologically more advanced assets. d. In an operating lease, the lessee recognizes the signing of the lease as the simultaneous acquisition of a long-term asset and the incurring of a long-term liability for lease payments.
Net income does not include
a. income taxes expense. b. discontinued operations. c. foreign currency translation adjustments. d. extraordinary gains and losses.
To be classified as a current asset, marketable securities must be readily convertible into cash and
a. traded on the New York Stock Exchange. b. must be sold prior to the longer of 6 months or the number of months until fiscal year-end. c. have a short-term maturity. d. management must intend to convert the securities to cash when necessary. e. be issued by the U.S. Treasury.
The ________ ________ did not receive a raise this year because of the state budget cuts
A) colleges teachers B) college's teachers' C) colleges' teacher's D) college's teachers