Several persons hold real property as tenants in common. One of the tenants dies. His interest in the property will:
a. pass to his heirs or devises, if any
b. pass to the remainderman
c. be equally divided among the other owners
d. be divided between the other owners in proportion to their ownership interest
Answer: a. pass to his heirs or devises, if any
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The following items appear on the balance sheet of The Piano Company at the end of 2017 and 2016: 2017 2016 Current assets $6,000 $3,000 Long-term assets 7,000 4,000 Current liabilities 2,000 3,000 Long-term liabilities 7,000 0 Stockholders' equity 4,000 4,000 Between 2016 and 2017
a. The Piano Company's debt-to-equity ratio and current ratio both increased. b. The Piano Company's debt-to-equity ratio and current ratio both decreased. c. The Piano Company's debt-to-equity ratio increased and its debt-to-total assets ratio decreased. d. The Piano Company's debt-to-equity ratio decreased and its debt-to-total assets ratio increased.
The Clean Air Act establishes standards for the construction of new industrial plants depending on the local air quality
a. True b. False Indicate whether the statement is true or false