What is a common factor all nonprofit businesses share?
(A) They have no capital.
(B) They perform charitable acts.
(C) They pay no income tax.
(D) They are national in scope.
Ans: (C) They pay no income tax.
Business
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The difference between the cost of an asset and its salvage value is its:
a. depreciation expense b. depreciable base c. fair value d. book value e. historical cost
Business
Which of the following is not true about title search?
a. it is an examination of public records b. the purpose is to determine defects in the chain of title c. the title searcher goes back at least 100 years old d. it is usually performed by a title company or title abstractor
Business