Which of the following statements about the provisions of the building and personal property coverage form is (are) true?
I. A separate deductible must be satisfied for each building damaged in the same occurrence.
II. Under the replacement cost option, there is no deduction for depreciation.
A) I only
B) II only
C) both I and II
D) neither I nor II
Answer: B
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A study examined task interdependence in different high school sports. This study found that
a. regardless of the type of sport, the best coaches used the same combinations of high consideration and high initiating structure b. regardless of the type of sport, the best coaches used the same combinations of low consideration and low initiating structure c. the winning coaches in high interdependence sports were higher on initiating structure than were the winning coaches in low interdependence sports d. surprisingly, the winning coaches in high interdependence sports were lower on initiating structure than were the winning coaches in low interdependence sports
Mai is a third party beneficiary under a contract between Novia and Otis. Novia and Otis can modify or rescind their contract without Mai's consent A) at any time
B) at no time. C) after Mai's rights have vested. D) before Mai's rights have vested.
Subsidiary of a U.S. bank are subject to ___________________ as U.S. owned facilities
Fill in the blank(s) with the appropriate word(s).
A six-year operating lease requires annual rent payments of $15,000 for years 1, 2, and 3, and annual rent payments of $10,000 for years 4, 5, and 6. The agreement also requires the lessor to pay a $2,800 annual insurance premium for the leased property. Which of the following amounts should be recognized as the rental revenue in year 1 by the lessor?
A. $10,000 B. $13,500 C. $15,000 D. $16,800