The Following Information Is for Bright Eyes Auto Supplies

question 153

Multiple Choice

The following information is for Bright Eyes Auto Supplies: The total dollar amount of assets to be classified as investments is

• A) $0.
• B) $140,000.
• C) $180,000.
• D) $250,000.

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Definitions:

Taxed

Subject to a compulsory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization.

Formal Agreement

A legally binding contract or document established between two or more parties, outlining specific terms and conditions that are enforceable by law.

Distributorship

A type of franchise in which the franchisor manufactures a product and licenses a dealer to sell the product in an exclusive territory.

Franchisor

A person or company that grants the license to a third party for the conducting of a business under the franchisor's marks and methods.