A REIT is an equity trust
Indicate whether the statement is true or false
TRUE
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__________ is the total value of all income generated by a nation's residents from international and domestic activity.
What will be an ideal response?
Under the Uniform Marital Property Act, which of the following is not a requirement for a valid premarital agreement?
A) Voluntary B) Can be used only by a putative spouse C) Independent advice D) All of the above are requirements
The Town of Pasco has no supplies inventory in its general fund on January 1, 20X8. During 20X8, Pasco incurred expenditures of $200,000 for the acquisition of supplies. On December 31, 20X8, Pasco's inventory of supplies amounted to $30,000. Assume Pasco uses the purchase method of accounting for supplies in its general fund and that the village reports on the calendar year. On December 31, 20X8, the general fund of Pasco should credit:
A. Fund Balance-Nonspendable for $30,000. B. Expenditures for $30,000. C. Fund Balance-Unassigned for $170,000. D. Expenditures for $170,000.
Which of the following is true about the Old Age, Survivors, Disability, and Health Insurance (OASDHI) program?
A. There are no eligibility requirements to be met by an individual to receive benefits. B. High earners help subsidize benefit payments to low earners. C. Federal, state, and local government employees account for a high percentage of employees covered under this program. D. Only about 50 percent of U.S. employees are covered by the program. E. Old-age insurance benefits for fully insured workers begin at the age of 50.