A bailee never has a right to use the bailed property.

Answer the following statement true (T) or false (F)


False

Business

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Misrepresentation can result from negligence on the part of the misrepresenter.

Answer the following statement true (T) or false (F)

Business

Social security and Medicare taxes are borne entirely by the employer

Indicate whether the statement is true or false

Business

A prior-period adjustment should be reported as an adjustment to the retained earnings balance at the beginning of the period in which the adjustment was made

Indicate whether the statement is true or false

Business

Beacham Corporation's net cash provided by operating activities was $115; its net income was $95; its capital expenditures were $65; and its cash dividends were $17. The company's free cash flow was:

A. $13 B. $33 C. $128 D. $292

Business