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3313
An abandoned church building is sold
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https://www.devrycourses.com/product/devry-acct-324-week-1-quiz-latest/

1.1.Question :
(TCO 1) Which, if any, of the following would tend to decrease the ad valorem tax on real estate?
An abandoned church building is sold to a restaurant chain.
A tax holiday issued to a manufacturing plant expires.
An office building is converted into condominium units to be sold to senior citizens.
A portion of a city park is sold to a car dealership.
None of the above
Question 2. Question :
(TCO 1) Characteristics of a national sales tax include which of the following?
Like the VAT, it is levied on the producer rather than the consumer.
It is not intended as a replacement for the income tax.
Tags: DEVRY ACCT 324 WEEK 1, DEVRY ACCT 324 WEEK 1 QUIZ LATEST
Source: https://www.devrycourses.com/product/devry-acct-324-week-1-quiz-latest/
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Flashcard info:
Author: CoboCards-User
Main topic: Education
Topic: Education
School / Univ.: devry university
City: UK
Published: 12.02.2020

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