Which of the following is true about a constructive trust?
a. It normally contains detailed instructions for the trustee to follow.
b. The court imposes it to redress an injustice.
c. It is revocable by the trustee.
d. It carries out the intentions of the trustee.
b
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Which of the following statements about franchises is correct?
A) Franchises are privileges granted by a government to use public property in performing services. B) The acquisition cost of a franchise is always amortized over its legal life. C) Franchises are privileges granted by a business to sell goods or services under specified conditions. D) The acquisition cost of a franchise cannot be amortized because its useful life cannot be determined
The four basic scale characteristics are nominal, order, distance and origin
Indicate whether the statement is true or false
The cost of merchandise sold during the year was $60,0000 . Merchandise inventories were $10,500 and $12,500 at the beginning and end of the year, respectively. Accounts payable were $10,000 and $9,000 at the beginning and end of the year, respectively. Using the direct method of reporting cash flows from operating activities, cash payments for merchandise total ________
a. $63,000 b. $61,000 c. $53,000 d. $57,000
The assets that are placed into a trust are called directives
Indicate whether the statement is true or false