Employers may be liable for torts of employees that can be attributed to negligent hiring or supervision under the rule of law known as:
a. contractor liability b. tortious liabilitius
c. there is no such rule as the employee only is responsible d. principal duty
e. none of the other choices are correct
e
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Kansas Company acquired a building valued at $210,000 for property tax purposes in exchange for 12,000 shares of its $5 par common stock. The stock is widely traded and selling for $15 per share. At what amount should the building be recorded by Kansas Company?
a. $60,000 b. $180,000 c. $210,000 d. $120,000
________ is the ratio of the percentage change in volume to the percentage change in price
A) Market demand B) Market share needed C) Price elasticity D) Average selling price E) Volume sold
Good internal controls in the revenue cycle should ensure all of the following except
a. all sales are profitable b. all sales are recorded c. credit is authorized d. inventory to be shipped is not stolen
Which of the following is TRUE of the comparison between equity securities and debt securities?
A) Debt securities represent stock ownership in a company whereas equity securities represent a credit relationship with the company. B) Equity securities may earn dividend revenue whereas debt securities earn interest revenue. C) Neither debt securities nor equity securities mature at a stated date. D) Both debt securities and equity securities pay interest.