The best measure of a person's or family's wealth is
A) the amount of salary earned annually.
B) net worth.
C) the total dollar value of investment assets.
D) the market value of real estate including the personal home.
Answer: B
Business
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Elway Company purchases land for $85,000 cash. Elway assumes $2,500 in property taxes due on the land. The title and attorney fees totaled $1,000. Elway has the land graded for $2,200. They paid $10,000 for paving of a parking lot. What amount does Elway record as the cost for the land?
a. $88,200 b. $100,700 c. $90,700 d. $85,000
Business
The smaller the number of scale categories, the finer the discrimination among stimulus objects that is possible
Indicate whether the statement is true or false
Business