The first unit took fifteen days to finish and the second unit was finished a mere 13.5 days later. How many more days will pass before the tenth unit is finished?
A) 91.5
B) 119.9
C) 109.3
D) 129.5
A
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The depreciation method that does notuse residual value in calculating the first year's depreciation expense is
a. straight-line b. units-of-output c. double-declining-balance d. none of the above
Which of the following statements is correct when a company has a complex capital structure?
A. Diluted earnings per share and basic earnings per share must both be shown on the income statement. B. The company must have participating preferred stock outstanding. C. The company might have convertible bonds outstanding. D. Diluted earnings per share must be shown on the income statement.
Inverse condemnation occurs when:
A. a tenant acquires ownership of fixtures by occupying the property and using the fixtures. B. one property owner acquires title to neighboring property by occupying the property for a certain number of years. C. landowners seek compensation from the governmental unit whose actions effectively amount to a physical taking of their land. D. the government institutes a formal legal action to exercise eminent domain power.
Jennifer, a resident of North Carolina, was granted a patent for a device she invented. Donald, a resident of Texas, claims to have invented the device earlier, and disputes the patent granted to Jennifer. Which of the following should Donald do?
A) file a case in a North Carolina state trial court, as it has in personam jurisdiction over Jennifer B) file a case in a Texas state trial court, as the long-arm statute grants it in rem jurisdiction over Jennifer C) file a case in the Ninth Circuit Court of Appeals, as there is concurrent federal jurisdiction due to diversity of citizenship D) file a case in a federal trial court, as federal courts have exclusive jurisdiction over this subject matter