Glasgow was electrocuted and died when he turned on his new television set. His family sued the TV maker, claiming design defect. The family will likely:
a. win because the product was defective
b. win because such products have express warranties against such accidents
c. lose if the product used the normal wall plug design found successful in the overwhelming majority of such products
d. lose on the basis of product misuse
e. lose on the basis of sophisticated user
a
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The following information was presented in the balance sheet of Gloria Company as of December 31, 2014: Trade accounts receivable, net of allowance for uncollectibles of $100,000 $1,600,000 Which one of the following statements is true?
a. Gloria expects that $1,700,000 of accounts receivable will be collected after year end. b. The balance in the Accounts Receivable account in Gloria's general ledger is $1,600,000. c. The net realizable value of Gloria's accounts receivable is $1,600,000. d. Gloria expects to collect only $1,500,000 from its customers.
A 60-day, 12% note for $10,000, dated May 1, is received from a customer on account. If the note is discounted on June 10 at 15%, the proceeds are
A) $10,115 B) $10,200 C) $10,000 D) $10,030
Alonzo Co. acquired 60% of Beazley Corp. by paying $240,000 cash. There is no active trading market for Beazley Corp. At the time of the acquisition, the book value of Beazley's net assets was $300,000.Required:What amount should have been assigned to the noncontrolling interest immediately after the combination?
What will be an ideal response?
Economic strikes are strikes over economic issues, such as grievances or a new contract
Indicate whether the statement is true or false