An example of an international financial and trade institution is:
A. International Monetary Fund.
B. World Trade Organization.
C. World Bank.
D. All of these answers are correct.
Answer: D
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A firm that does not account for long-term notes and bonds using the fair value option, uses the _____ to account for the loan while it is outstanding
a. present and future market interest rates b. future market interest rates c. fair market interest rates d. historical market interest rate e. current market interest rate
In inspection, individual items are sampled for their quality and condition
Indicate whether the statement is true or false
When you rely on primary data, you have more control over all of the following except
A) accuracy. B) completeness. C) factoring. D) relevance. E) objectivity.
Mark complied with all formation requirements for incorporating his taxicab business. He is the sole shareholder in the corporation. The corporation owns two automobiles that Mark frequently uses for his own personal use. In addition, he sometimes
deposits the money he takes in during the day into his personal checking account. One day, an employee of the company, while driving one of the company vehicles, accidentally hits a pedestrian in a crosswalk. The pedestrian sues both Mark and the taxi company for $100,000 . The corporate assets are only $32,000 . Is the corporation liable for the acts of its employee? Will Mark be personally liable under the facts? Explain.