The world's five largest malls are in Asia
Indicate whether the statement is true or false
TRUE
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Rapport is a mutual trust, emotional similarity, and natural personal attraction. _________________________
Answer the following statement true (T) or false (F)
Cooper offers to sell Gable his sport utility vehicle (SUV) and says that it has never been in an accident. Relying on Cooper's statement, Gable buys the SUV. Later, when it develops mechanical problems, Gable can
A. not rescind the contract. B. rescind the contract on the basis of fraud. C. rescind the contract on the basis of mistake. D. rescind the contract on the basis of puffery.
Myron is an employee of Nero. Either party can terminate the employment relationship at any time for any reason without liability. With respect to the employment-at-will doctrine, this is
A. an example of the doctrine. B. an exception based on contract theory. C. an exception based on public policy. D. an exception based on tort theory.
Pepe, Incorporated acquired 60% of Devin Company on January 1, 2017. On that date Devin sold equipment to Pepe for $45,000. The equipment had a cost of $120,000 and accumulated depreciation of $66,000 with a remaining life of 9 years. Devin reported net income of $300,000 and $325,000 for 2017 and 2018, respectively. Pepe uses the equity method to account for its investment in Devin.What is the consolidated gain or loss on equipment for 2017?
A. $21,000 loss. B. $21,000 gain. C. $0. D. $9,000 gain. E. $9,000 loss.