An assumed loan amount is a credit to the seller and a debit to the buyer.

a. true
b. false

Answer: b. false

Business

You might also like to view...

Which of the following courses of action is best suited for a company in the event of the

economy entering a recession? A) arranging for a backup partner B) investigating new markets C) predicting a competitor's target market D) conducting a competitive analysis

Business

If everyone who is faced with a similar situation responds in the same way, attribution theory states that the behavior shows:

A) consistency. B) consensus. C) reliability. D) similarity.

Business