When a buyer obtains a loan from a bank to pay a seller, the transaction is known as a(n) ________
A) attachment
B) floating lien
C) two-party secured transaction
D) three-party secured transaction
D
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The measurement stage of accounting is accomplished by
a. recording data. b. reporting to decision makers. c. processing data. d. storing data.
One of the reasons that the Web is having a large impact on the support industry is that it gives the service desk an alternative and less expensive way to support customers.
Answer the following statement true (T) or false (F)
The executive branch ________
A) appoints federal judges B) can declare laws passed by the U.S. Congress as unconstitutional C) proposes amendments to overrule judicial decisions D) establishes lower courts
John Elliott and James Gardiner form a partnership to buy, repair and sell used cars. John is to do all the work; James supplies $10,000
They sign a limited partnership agreement limiting James's liability to $10,000 but do nothing else with the agreement. Which of the following statements is true? A) A partners' liability can never be limited to $10,000 B) James's liability could be limited but the failure to publicly register the limited partnership makes the limitation ineffective. C) James's liability is limited to $10,000 because he is a limited partner in the partnership agreement. D) Both A and B E) None of the above.