Which of the following is not an example of a void deed?

a. A forged deed.
b. A deed signed and delivered by a seller under the age of 18.
c. A deed obtained through undue influence or threat.
d. A deed materially altered without the grantor's consent.

Answer: c. A deed obtained through undue influence or threat.

Business

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Which of the following would not appear on a multiple-step budgeted income statement?

A) gross profit B) income tax expense C) operating income D) salaries payable

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Deeply discounted bond that pays no coupon interest is a ________

A) junk bond B) floating rate bond C) zero coupon bond D) subordinated debenture

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