It is critical that you take your audience into consideration when writing a research report. If your reader has requested information from you, it is a good idea to

Fogel purchased a TV set for $900 from Hamilton Appliance Store. Hamilton took a promissory note signed by Fogel and a security interest for the $800 balance due on the set. It was Hamilton's policy not to file a financing statement until the purchaser defaulted. Fogel obtained a loan of $500 from Reliable Finance which took and recorded a security interest in the set. A month later, Fogel defaulted on several loans outstanding and one of his creditors, Harp, obtained a judgment against Fogel which was properly recorded. After making several payments, Fogel defaulted on a payment due to Hamilton, who then recorded a financing statement subsequent to Reliable's filing and the entry of the Harp judgment. Subsequently, at a garage sale, Fogel sold the set for $300 to Mobray. Which of the

parties has the priority claim to the set? A. Reliable. B. Hamilton. C. Harp. D. Mobray.

Which of the following occurs when the board of directors declares a 3-for-1 stock split on 20,000 outstanding shares of $25 par common stock?

A) The par value of the stock remains the same. B) The par value of the stock increases to $50 per share. C) The number of outstanding shares remains at 20,000. D) The number of outstanding shares increases to 60,000.