The determination of whether a lease is a capital or operating lease is an example of:
a. elastic uniformity.
b. finite uniformity.
c. flexible uniformity.
d. rigid uniformity.
ANSWER: B
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Refer to Table 23-8. In 2012, nominal GDP is a. $191.50, and real GDP is $170. b. $157, and real GDP is $170. c. $191.50, and real GDP is $157. d. $170, and real GDP is $227.50.
a) $191.50, and real GDP is $170 b) $157, and real GDP is $170 c) $191.50, and real GDP is $157 d) $170, and real GDP is $227.50
Debits in double-entry bookkeeping are used to record:
a. increases in liabilities b. increases in owners’ equity c. increases in assets d. decreases in assets e. decreases in net income
Ev-R-Green Co, a private corporation, decides to sell substantially all of the company's assets. Under the Model Act and many state statutes
a. the sole remedy for dissenting shareholders is to sell their stock on the stock exchange. b. the board must first get unanimous shareholder approval for this fundamental change. c. Ev-R-Green must buy back, at fair value, the stock of any shareholders who object to the decision. d. the company may buy back, at fair value, the stock of any shareholders who object to the decision or the shareholders who object may receive the right of first refusal to purchase corporate assets.
Based on the Griggs case, requiring all salespersons to be six feet tall would have an adverse impact on Asians and women, limiting their employment opportunities.
Answer the following statement true (T) or false (F)