Substantive laws provide the means and mechanisms for the enforcement of laws
Indicate whether the statement is true or false
False
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Stockton Co received advance payments from customers during 2017 of $6,000 . At December 31, 2016, $1,300 of the advance payments still had not been earned. After the adjustments are recorded and posted at December 31, 2016, what will the balances be in the Unearned Book Revenue and Book Revenue accounts? Unearned Book Revenue Book Revenue
a. $1,300 $6,000 b. $1,300 $4,700 c. $6,000 $1,300 d. None of these choices
A firm is trying to determine which of two products it should launch. Product A has an expected life of three years. It will bring in cash flows of $11,000 in each of the three years. Product B has an expected life of two years. It will bring in cash flows of $15,000 in each of the two years. Assume a discount rate of 8%. Which product should the firm, based on NPV alone, select?
a. Product A b. Product B c. Product A and B are equivalent d. NPV for the products cannot be calculated with the information given.
Disease management programs
A. are comprehensive insurance benefits that serve as a supplemental health insurance. B. assist employees by providing information on monitoring and treating health conditions. C. assist employees as work-site fitness programs. D. are a major portion of worker's compensation insurance.
An accountant is not liable for a misleading statement that affects the price of a security if the accountant acted in good faith.
Answer the following statement true (T) or false (F)