________ is defined as the taking of personal property from another person by the use of fear or force.
A. Robbery
B. Larceny
C. Embezzlement
D. Burglary
Answer: A
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Mary bought a bond ?a debt security for $2,500 with a nominal interest rate of 5 percent. If the inflation rate is 4 percent and Mary must pay 30 percent of her income in taxes, her after-tax nominal interest income is _____.
A. ?$87.50 B. ?$22.50 C. ?$37.50 D. ?$48.50
Which of the following entries properly closes a temporary account?
A) Retained Earnings 20,000Service Revenue 20,000 B) Dividends 200Retained Earnings 200 C) Accumulated Depreciation 1,600Retained Earnings 1,600 D) Retained Earnings 400Salaries Expense 400
Procedural laws are those laws that relate to the enforcement of substantive rights and duties
a. True b. False
Bob is camping in the mountains one cold winter with a friend of his, Alfred. Bob writes a
postcard to his college roommate that says, "Dear Frank, I am giving you the antique desk in my Denver home. Come pick it up once I am back in town. With kind regards from your freezing cold friend, Bob." Bob freezes to death at his campsite an hour later. Bob has no will but his wife is his only heir. What is true? A) Bob made an effective gift causa mortis to Frank. B) Frank will be entitled to the desk if, after Bob's death, he learns of the unmailed postcard. C) An effective gift has not been made here. D) Bob has made a voidable promise. E) So long as Frank wants the desk, he has the required donative intent.