The Constitution provides that federal statutes are paramount to state constitutions and statutes

a. True
b. False
Indicate whether the statement is true or false


True

Business

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On September 10, Gravelly Company incurred the following costs for one of its printing presses: Purchase of stapling attachment ..................... $90,000 Installation of attachment .......................... 20,000 Replacement parts for renovation of press ........... 60,000 Labor and overhead in connection with renovation of press .......................................... 28,000 Neither the

attachment nor the renovation increased the estimated useful life of the press. However, the renovation resulted in significantly increased productivity. What amount of the costs should be capitalized? a. $198,000 b. $110,000 c. $90,000 d. $88,000

Business

A _______________ strategy helps to quickly establish a product in a new market.

Fill in the blank(s) with the appropriate word(s).

Business

Which of the following terms describes a clause registered on a title to land that prohibits the owner from constructing buildings of a certain nature?

A) restrictive title B) restrictive covenant C) indenture D) easement E) Prescription

Business

If a lost negotiable instrument is in bearer form at the time of the loss, the finder is entitled to enforce payment

Indicate whether the statement is true or false

Business