If Rosewood Had No Interest Expense,its Net Income Would Be

question 21

Multiple Choice

If Rosewood had no interest expense,its net income would be closest to:

• A)$405 million
• B)$160 million
• C)$450 million
• D)$290 million

---

Definitions:

Personal Property

Objects or belongings that are not fixed to land or buildings, including both physical items and intangible rights.

Chattel

Personal property that is movable, as opposed to real estate or land.

Chose in Action

A personal right to something not in the holder's possession but recoverable through legal action.

Garnisheeing Order

A garnisheeing order is a legal directive to a third party, typically a bank, to seize or withhold money belonging to a debtor for the purpose of satisfying a judgment against the debtor.