Which of the following statements is TRUE?
A) By law, tenants generally are responsible for repairs to commercial premises.
B) By law, landlords generally are responsible for repairs to commercial premises.
C) By law, tenants are only responsible for repairs of deterioration caused by reasonable wear and tear.
D) By law, tenants are only responsible for repairs when the premises become unusable.
E) both B and C
A
You might also like to view...
Horizontal analysis is analysis
a. of dollar changes and percentage changes over two or more years. b. in which all items are presented as a percentage of one selected item on a financial statement. c. in which a statistic is calculated for the relationship between two items on a single financial statement or for two items on different financial statements d. of all ratios that increased or decreased over past accounting periods.
All long-term liabilities eventually become current liabilities
Indicate whether the statement is true or false
Differentiate among the different types of short reports
Which of the following statements is NOT CORRECT?
A. Accruals are "free" in the sense that no explicit interest is paid on these funds. B. A conservative approach to working capital management will result in most, if not all, permanent current operating assets being financed with long-term capital. C. The risk to a firm that borrows with short-term credit is usually greater than if it borrowed using long-term debt. This added risk stems from the greater variability of interest costs on short-term debt and possible difficulties with rolling over short-term debt. D. Bank loans generally carry a higher interest rate than commercial paper. E. Commercial paper can be issued by virtually any firm so long as it is willing to pay the going interest rate.