When a plaintiff files a suit against a defendant, plaintiff:

a. must publish a notice of the suit in the legal advertisement section of the local newspaper b. must give notice to the defendant by service of process
c. must give notice to the defendant by posting notice of the suit with the clerk of the court
d. has no duty to notify defendant since we have a duty to know what legal actions may be pending against us e. none of the other choices are correct


b

Business

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Indicate whether this statement is true or false.

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Borden Company incurred the following costs to acquire and prepare land for a new parking lot: purchase price for land, cost to clear the land, cost of paving, lighting for the parking lot, and landscaping for the parking lot. How should the company determine which costs should be recorded as Land Improvements and which cost should be recorded as Land?

a. The costs with an unlimited life will increase Land, and the costs with a limited useful life will increase Land Improvements. b. The costs with a limited life will increase Land, and the costs with an unlimited useful life will increase Land Improvements. c. The costs to be depreciated will increase Land, and the costs that will not be depreciated will increase Land Improvements d. Costs that are depreciable will increase Land Improvements, while other costs are expensed immediately because of a lack of definite life.

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A firm's marketing department must partner with other company departments to produce superior value for customers

Indicate whether the statement is true or false

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