Answer: A. Had major expenses in the first year.
Explanation: It just makes sense and it’s also correct
Answer:
C. Bluestone Properties is permitted to charge a rent of $2,350 for 2-bedroom apartments that would rent for $2,500 in an unregulated market.
Explanation:
Rent ceiling is a form of price control which is known as price ceiling.
A price ceiling is when the government or an agency of the government sets the maximum price for a good or service.
Rent ceiling increases consumer surplus and reduces Producer surplus.
Rent ceiling can lead to shortage of houses and emergence of black market.
Price ceiling is binding when it is set below equilibrium price.
I hope my answer helps you
Answer:
Estimates calculating financial statements are subjective as they involve Management's foresight to arrive to different values.
Explanation:
According to this, subject of fraud is one limitation of financial statements, and this is kind of what it talks about here.
I hope this helps, and as always, I am joyous to assist anyone at any time.