A fee simple absolute is an estate or interest in land with no limits in terms of disposition or duration.
Answer the following statement true (T) or false (F)
True
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Taste Bits Inc. purchased chocolates from Switzerland for 200,000 Swiss francs (SFr) on December 1, 20X8. Payment is due on January 30, 20X9. On December 1, 20X8, the company also entered into a 60-day forward contract to purchase 200,000 Swiss francs. The forward contract is not designated as a hedge. The rates were as follows: Spot Rate Forward RateDecember 1, 20X8$0.89 $0.90(60 days)December 31, 20X8 0.91 0.93(30 days)January 30, 20X9 0.92 Based on the preceding information, the entries on January 30, 20X9 related to the forward contract include a:
A. Credit to Foreign Currency Units (SFr), $184,000. B. Debit to Foreign Currency Transaction Loss, $4,000. C. Credit to Cash, $180,000. D. Debit to Dollars Payable to Exchange Broker, $184,000.
A home accessories store buys lamps with a net price of $22,600. The terms of sale are 4/15, n/30. If a partial payment of $10,300 is sent to the wholesaler on the discount date, what is the net amount still due?
A) $21,696.00 B) $11,870.83 C) $12,712.00 D) $11,808.00
Explain the process of consolidating data from operational systems with other organizational data
What will be an ideal response?
Which of the following is an employer's responsibility under the Immigration Reform and Control Act (IRCA)?
A. Asking assistance from the Immigration and Naturalization Service when a document submitted by an employee or an applicant does not reasonably appear to be genuine B. Making threats of reporting an employee to the Immigration and Naturalization Service (INS) in retaliation for discrimination complaints or other protected activity C. Storing Form I-9 records in employee personnel files D. Accepting a green card for the purposes of Form I-9