Klondike and Leola own 10,000 shares of stock in My-T Gro Corporation. On the death of ether owner, that owner's interest in the stock passes to the surviving owner. This is
A. a joint tenancy.
B. a life estate.
C. a tenancy in common.
D. ownership in fee simple absolute.
Answer: A
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Zenith Corporation sells some of its used store fixtures. The acquisition cost of the fixtures is $12,500theaccumulated depreciation on these fixtures is $9,750 at the time of sale. The fixtures are sold for $5,300 . The valueof this transaction in the investing section of the statement of cash flows is
a. $12,500 b. $5,300 c. $2,750 d. $2,550
The most concrete object on the Ladder of Abstraction is a photograph or painting, i.e., the object itself
Indicate whether the statement is true or false.
The ____ is the ratio of a firm’s current assets to its current liabilities that measures the firm’s ability to meet current obligations as they become due.
a. Inventory turnover ratio b. Debt ratio c. Debt to equity ratio d. Current ratio
In the sentence In the top drawer of my desk is my employee ID, the simple subject is ______
A) drawer B) desk C) ID