Phyllis Purchased an Automobile for $3,000 Down and a Note

question 100

True/False

Phyllis purchased an automobile for $3,000 down and a note for $15,000. During the year she paid interest of $1,000. Her basis is $18,000.

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Definitions:

Photoreceptors

Cells in the retina that are sensitive to light and enable the process of converting light into electrical signals for vision.

Optic Disc

The region in the eye where nerve fibers from the retina converge to form the optic nerve, leading to a natural blind spot.

Blind Spot

Retinal region where axons forming the optic nerve leave the eye and where blood vessels enter and leave; has no photoreceptors and is thus said to be blind.

Iris

The iris is the colored part of the eye that surrounds the pupil and controls the amount of light entering the eye by adjusting the size of the pupil.