Grace sold her property. she had already paid the property taxes for the year. the closing date was october 1; however, the contract allowed grace to continue to occupy the property until the end of the year. how was the tax proration treated on the closing statement? 1. grace was credited for three months taxes.2. the buyer was credited with three months taxes.3. grace was credited with nine months taxes.4. there was no tax proration at closing since grace lived on the property for the entire year.

Labor unions have used which of the following to win passage of favorable laws such as shorter work weeks and the minimum wage? a. strikes b. collective bargaining c. lobbying d. lockouts

Suppose the following items were taken from the 2017 financial statements of whispering winds corp.. (all dollars are in millions.) common stock $3,230 accumulated depreciation—equipment $3,940 prepaid rent 175 accounts payable 1,560 equipment 6,940 patents 2,270 stock investments (long-term) 670 notes payable (long-term) 780 debt investments (short-term) 1,740 retained earnings 6,175 income taxes payable 150 accounts receivable 1,740 cash 1,290 inventory 1,010 prepare a classified balance sheet in good form as of december 31, 2017. (list current assets in order of liquidity.)

What is a potential negative effect of an expansionary policy? decreased borrowing increased interest rates increased inflation decreased available credit