License Plate Reader Companies Maintain That Only Two Groups Can

question 38

Multiple Choice

License plate reader companies maintain that only two groups can use their software to find the owner of a car: law enforcement agencies and ______ companies.

• A) advertising
• B) insurance
• C) loan
• D) repossession

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Definitions:

Premium on Bonds Payable

A situation where bonds are sold above their face value, leading to a credit balance in the premium on bonds payable account.

Journal Entry

A record in accounting that documents a business transaction, indicating the accounts and amounts debited and credited.

Contract Rate

The agreed-upon interest rate in a lending agreement, bond, or other financial contracts.

Market Rate

The prevailing interest rate available in the market for securities of a similar risk and maturity, or the standard rate charged or paid for a specific service or commodity.