In the majority of states, in a case of negligence per se the plaintiff would only have to prove violation of a statute in order to show negligent conduct
Indicate whether the statement is true or false
True
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Available-for-sale debt securities are valued on the balance sheet at
a. cost, adjusted for the effects of interest. b. maturity value. c. fair value. d. original cost.
A very small company would have the most difficulty in implementing which of the following internal control activities?
a. Separation of duties b. Periodic independent verification c. Limited access to assets d. Sound personnel procedures
In compensation, a ______ is a lump sum payment, typically given to an individual at the end of a time period.
A. bonus B. merit C. perquisites D. variable pay
Equipment with a cost of $130,000 has an estimated residual value of $10,000 and an estimated life of 5 years or 12,000 hours. It is to be depreciated by the straight-line method. What is the amount of depreciation for the first full year, during which the equipment was used 3,300 hours?
A) $24,000 B) $32,500 C) $33,000 D) $35,750