What is a transfer of an instrument?
A) issuance of the instrument
B) presentment of the instrument for payment
C) passage of the instrument other than issuance and presentment
D) cancellation of the instrument
C
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Dewey, Cheatem & Howe, Inc., received cash from selling 500 shares of its $0.50 par value common stock at $12 per share. What happens to assets?
A. 0 No Effect B. (6,000) Common Stcok C. 250 Common Stock D. 6,000 Common Stock E. 250 Common Stock; 5,750 Paid-in Capital in Excess of Par F. 5,750 Common Stock; 250 Paid-in Capital in Excess of Par G. (250) Common Stock; (5,750) Paid-in Capital in Excess of Par H. 6,000 Sales Revenue I. 6,000 Cash J. 250 Cash K. (6,000) Cash
If the market value of a property is $184,500 and the assessment ratio is 35 percent, what are the monthly taxes if the tax rate is 30 mills?
A) $1,937.25 B) $179.37 C) $161.44 D) $1,614.38