The Following Data on Alpha Products, Inc

question 163

Multiple Choice

The following data on Alpha Products, Inc. is available. What was the percent increase or decrease in net property, plant and equipment from 2013 to 2014?

• A)12.2% decrease
• B)12.2% increase
• C)13.8% increase
• D)13.8% decrease

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Definitions:

Re-Perfect

The act of renewing or restoring a security interest or claim in property to its original status or priority, generally after it has been lapsed or compromised.

Security Interest

A legal claim or lien on collateral that has been pledged, usually to secure a loan or obligation.

Financing Statement

A document filed to give public notice that a lender has a security interest in a debtor's asset, used in securing financing.

Perfected

In law, refers to a state where a security interest or lien secures payment or performance of an obligation to its fullest legal extent.