Which of the Following Is an Advantage of Renting

question 80

Multiple Choice

Which of the following is an advantage of renting?

• A) Noise from parties may be monitored closely.
• B) Renters have fewer responsibilities for maintenance than home owners.
• C) Tenants cannot take tax deductions for mortgage interest and property taxes.
• D) Tenants may be subject to restrictions regarding remodeling .
• E) Tenants may have restrictions regarding pets.

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Definitions:

Financing Activities

Actions that result in changes in the size and composition of the equity capital or borrowings of a company, as reported in the cash flow statement.

IFRS

International Financial Reporting Standards, a set of accounting standards developed by an independent organization for global use.

Operating Activities

Day-to-day actions that are involved in running a business, such as sales, purchasing, and paying expenses, that affect the company's cash flow.

Financing Activities

Transactions involving raising capital and repaying investors, including issuing equity, borrowing funds, and repaying debt, as part of the company's cash flow activities.