The Maloney Act led to the creation of

A)

the Securities and Exchange Commission (SEC).
B)

the American Arbitration Association (AAA).
C)

the National Association of Securities Dealers (NASD).
D)

the Securities Investor Protection Commission (SIPC).


C

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As part of the initial investment, a partner contributes equipment that had originally cost $110,000 and on which accumulated depreciation of $85,000 has been recorded. If similar equipment would cost $140,000 to replace and the partners agree on a valuation of $45,000 for the contributed equipment, what amount should be debited to the equipment account?

A) $45,000 B) $140,000 C) $110,000 D) $85,000

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Which of the following activity bases would be the most appropriate for food costs of a hospital?

A) Number of cooks scheduled to work B) Number of x-rays taken C) Number of patients who stay in the hospital D) Number of scheduled surgeries

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Which term below is described as the tendency to use different vocabulary depending on the situation or the person we are talking to, and our response to these social contexts differs by culture.

a. High-context b. Social context c. Slang context d. Low-context

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Which of the following choices lists the least to most aggressive actions in the pursuit of overdue debt?

A) 1) a collection agency, 2) court action, 3) a letter requesting overdue payment B) 1) court action, 2) a collection agency, 3) a letter requesting overdue payment C) 1) a letter requesting overdue payment, 2) court action, 3) a collection agency D) 1) a letter requesting overdue payment, 2) a collection agency, 3) court action

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