Examlex
The city of Toronto had a property tax rate of approximately 1.529% on multiresidential buildings in 2015. If a multiresidential building had an estimated value of $ 12 500 000, how much property tax did the building's owners have to pay?
Noncurrent Assets
Long-term assets not expected to be liquidated or turned into cash within one year, such as property, plant, and equipment.
Unrealized Gains
Increases in value of assets that have not been sold yet, and therefore, the gains are not reflected in the financial statements as actual income.
Trading Securities
Securities that management intends to actively trade for profit.
Trading Securities
Financial assets such as stocks or bonds, purchased with the intention of selling them in the short term to profit from price fluctuations.
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