Which of the following properties is not exempt from a mechanic's lien?
A) State land
B) Corporate property
C) Federal land
D) Municipal housing
E)?All of the above are exempt
B
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A company issues 10% bonds with a par value of $180,000 at par on January 1. The market rate on the date of issuance was 9%. The bonds pay interest semiannually on January 1 and July 1. The cash paid on July 1 to the bond holder(s) is:
A. $0. B. $8100. C. $18,000. D. $9000. E. $16,200.
U.S. GAAP and IFRS provide criteria for distinguishing operating leases from capital leases. Which of the following is not true?
a. The criteria attempt to identify the entity, whether lessor or lessee, that enjoys the benefits and incurs the risk of the leased asset. b. When the lessor enjoys the benefits and bears the risk, the lease is an operating lease. c. When the lessee enjoys the benefits and bears the risk, the lease is a capital lease. d. IFRS provides more general criteria for identifying the entity enjoying the rewards and incurring the risk. e. Firms can currently apply the fair value option to capital leases
The statement of cash flows is viewed by many as the most important financial statement because it provides evidence of the company's ability:
a. to meet its short–term financial obligations. b. to maintain its budgeted cash balance. c. to raise capital from public issue. d. to pay its interest on loan in time.
The Fourth Amendment to the Constitution:
a. requires a speedy trial. b. prevents double jeopardy. c. prohibits unreasonable search and seizure. d. All of these.