The cost of land would include the cost of a building purchased with the land and torn down because it was not needed
Indicate whether the statement is true or false
True
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A discount given when bonds are issued effectively decreases the cost of borrowing
Indicate whether the statement is true or false
Which of the following is a requirement for an involuntary Chapter 7 bankruptcy petition?
a. The debtor must owe at least $150,000 in unsecured claims to the creditors who file. b. The debtor must have at least three creditors join in the petition if the debtor has 12 or more creditors. If the debtor has fewer than 12 creditors, any single creditor or group can file a petition. c. The creditors must have tried to help the debtor overcome the financial difficulties. d. The debtor must have a majority of the creditors file the petition.
A "closed shop" is:
A) the same as a "runaway" shop. B) one in which a union once existed but has since been voted out. C) one in which a union is barred. D) outlawed by the Taft-Hartley Act.
Answer the following statement(s) true (T) or false (F)
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