Held-to-maturity securities that will mature within one year are classified on the balance sheet as short-term investments and are valued at cost adjusted for the effects of interest
Indicate whether the statement is true or false
T
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Which of the following is true of a life tenant?
A) A life tenant has the right to sell the life estate at will. B) A person who gives a life estate to another is called a life tenant. C) A life tenant can possess the life estate to the point of rendering it worthless by permanent damage. D) A life tenant is treated as the owner of the property for the duration of the life estate.
“Big Data” refers to
a. many dashboards on one topic b. large datasets that can be many terabytes or more c. a program to build more effective benchmarks within an organization d. all of these
Which of the following states that if an agent is empowered to enter into a contract that must be in writing, then the appointment of the agent must also be written?
a. Duty to obey instructions b. Balanced contract rule c. Fiduciary duty d. Equal dignities rule
A liquidated damage clause that represents a reasonable approximation of the damages where the actual amount would be very difficult to determine will usually be upheld
a. True b. False Indicate whether the statement is true or false