Which of the Following Is NOan Example of an Express

question 6

Multiple Choice

Which of the following is NOan example of an express warranty?

• A)"This toothpaste makes teeth the whitest around."
• B)"This water heater holds 50 gallons."
• C)"Preshrunk jeans"
• D)"This jacket is lined."

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Definitions:

Capital Gain

The profit from the sale of property or an investment, calculated as the difference between the selling price and the purchase price.

Cash Dividend

A payout of a company's earnings to its shareholders in the form of cash.

AMT

Alternative Minimum Tax, a parallel tax system designed to ensure that individuals and corporations pay at least a minimum amount of taxes.

Alternative Minimum Tax

A parallel tax system designed to ensure that individuals and corporations that benefit from certain exemptions, deductions, or credits pay at least a minimum amount of tax.