To be eligible for a salesperson's license, an individual must be a U.S. citizen or legal alien and a resident of Texas at the time of filing.

Corey buys 10 Tufflift 4-post, 4.5-ton car hoists for his parking garage at a total cost of $432,000. He finances this with a five-year loan at 7.80% APR with monthly payments

After he has made the first 20 payments, how much is the outstanding principal balance on his loan? A) $244,965 B) $428,689 C) $306,206 D) $612,412

Which of the following adjustments to net income is correct when using the indirect method for computing cash flows from operating activities?

A) Subtract losses from sales of securities. B) Add an increase in accounts receivable. C) Subtract gains from sales of equipment. D) Deduct an increase in accounts payable.