The disadvantage of actual cash value coverage of personal property compared to replacement cost coverage is that it
A) will reimburse you for replacement cost minus estimated depreciation.
B) will reimburse you for the cash value of a new item.
C) must be reported as a loss on your tax return.
D) does not have to be reported as a loss on your tax return.
E) none of the above.
Answer: A
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Which of the following is most likely to help build a learning organization?
A. Direct staff to avoid failure at all costs. B. Create chaos to support new-idea generation. C. Restrict training to save expenses and improve the balance sheet. D. Encourage heated debates on every proposed idea. E. Create a psychologically safe environment.
On December 31, 2018, Globe Company borrowed $500,000 by signing a five-year, 8% note payable. The note is payable in five yearly installments of $100,000 plus interest, due at the end of every year beginning on December 31, 2019. Which portion is classified as the long-term portion of Notes Payable at December 31, 2018?
What will be an ideal response?
Spence Company is considering a project that has the following cash flow data. What is the project's IRR? Note that a project's IRR can be less than the cost of capital or negative, in both cases it will be rejected. Year0 1 2 3 4 Cash flows?$1,050 $400 $400 $400 $400
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Which of the following statements about agency relationships is not true?
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