When using a perpetual inventory system, the Inventory account is credited when a sale is made
Indicate whether the statement is true or false.
TRUE
Business
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What must an appraiser do when they are hired to appraise a property owned by a corporation in which the appraiser owns a share?
a. Refuse the assignment. b. Disclose their ownership interest in the property and accept the assignment. c. Disclose their ownership interest in the property and reduce their fee in equal proportion to their ownership share in the corporation. d. Ignore the issue unless they hold a majority interest in the property.
Business
Placing two or more contiguous units under common ownership for the purpose of increasing the value per unit is known as:
A: Terminus owner?hip; B: Severalty ownership; C: Plottage; D: Disassemblage.
Business