An investor leases a building to a tenant who then opens a retail store. The tenant installs a cash register. The cash register is best described as:

a. personal property
b. trade fixture
c. real property
d. leased property

Answer: b. trade fixture

Business

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A service mark is used to distinguish the product of the holder from those of its competitors

Indicate whether the statement is true or false

Business

Frank, a recently retired FBI agent, pays job search expenses to obtain a position with a city police department. Frank's job search expenses do qualify as deductions

a. True b. False Indicate whether the statement is true or false

Business