A metes and bounds survey will most likely identify:

a. certain encumbrances
b. all title defects
c. marketable title
d. liens

Answer: a. certain encumbrances

Business

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Which of the following is not an objective for a firm in preannouncing a product:

a. create barriers to entry for competitors b. stimulate demand c. encourage customers to delay purchase from competitors d. get favorable tax benefits from the government e. help customers plan

Business

Refer to the information above. Failure to make the appropriate adjustment to the Salary Expense account will:

A. Understate net income for December by $6,800. B. Understate net income for January by $6,800. C. Overstate total liabilities at December 31. D. Overstate the balance in Cash at December 31.

Business