If the collateral from one loan is used to secure the obligations on another loan, this is called __________, or sometimes called a "__________" clause
a. perfection, default
b. cross-collateralization, dragnet
c. floating lien, dragnet
d. attached loan, dragnet
b
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Which of the following errors will not cause the debit and credit columns of the trial balance to be unequal?
A) A debit entry was recorded in the wrong account. B) A debit was entered in an account as a credit. C) The account balance was carried to the wrong column of the trial balance. D) The balance of an account was incorrectly computed.
Aggie, Inc Aggie, Inc purchased a truck at a cost of $12,000. The truck has an estimated salvage value of $2,000 and an estimated life of 5 years, or 100,000 hours of operation. The truck was purchased on January 1, 2011, and was used 27,000 hours in 2011 and 26,000 hours in 2012. Refer to Aggie, Inc's information presented above, if Aggie uses the straight-line method, what is the book value at
December 31, 2013? A) $ 8,000 B) $ 6,000 C) $10,000 D) $ 4,000
An improvement in quality must necessarily increase costs
Indicate whether the statement is true or false
Which of the following is associated with a control chart?
a. center line b. upper specification limit c. lower specification limit d. cumulative defect line