The ________ price is ________ the ________ price
A) bid; above; ask
B) bid; below; ask
C) ask; below; bid
D) ask; above; bid
E) Answers (B) and (D) are correct.
E
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The amount of depreciation expense for a fixed asset costing $95,000, with an estimated residual value of $5,000and a useful life of 5 years or 20,000 operating hours, is $21,375 by the units-of-output method during a period whenthe asset was used for 4,500 hours
a. True b. False Indicate whether the statement is true or false
Family is a societal factor that impacts consumer choices.
Answer the following statement true (T) or false (F)
Which of the following is an essential character of a long–term liability?
a. It can be repaid in more than one year b. It is created only from cash borrowings c. It is created from the issue of common stock d. It is issued to purchase long–term assets
Patti Sclerera is a broker who has listed 3.3 acres of commercial property for John Symington. Patti owns the majority of the stock of a corporation, Children, Inc, that develops, manufactures and sells educational toys. Patti thinks the land would be a good location for a new factory. Patti is a member of the board of Children, Inc and knows the board is looking for land for the factory. If
Patti arranges the sale: A) She is required to disclose her stock ownership and board membership. B) She is only required to disclose her board membership. C) She is only required to disclose her stock ownership. D) She has no disclosure requirements since she is not buying the land. E)?None of the above