The rules of civil procedure require judges to allow attorneys to engage in as much direct examination of witnesses, and cross examination of the witnesses, as they believe necessary to establish their case
a. True
b. False
Indicate whether the statement is true or false
False
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Under accrual accounting, revenue is recognized when it is earned; therefore, accrued interest must be recorded at the end of the period
a. True b. False Indicate whether the statement is true or false
Which of the following is true of the right of a widow on a life estate?
A. The widow gets a one-third interest in fee simple in the real and personal property owned by her husband at the time of his death. B. The widow has the right to a life estate in half of the lands owned by her husband during their marriage. C. The widow has the right to a life estate in two-thirds of the lands owned by her husband at the time of his death. D. The widow gets a one-third interest in fee simple, only in the real property owned by the testator during their marriage.
A company had net income of $252,000. Depreciation expense is $26,000. During the year, Accounts Receivable and Inventory increased $15,000 and $40,000, respectively. Prepaid Expenses and Accounts Payable decreased $2,000 and $4,000, respectively. There was also a loss on the sale of equipment of $3,000. How much cash was provided by operating activities?
A) $217,000. B) $224,000. C) $284,000. D) $305,000.
Service employees are important to customers and competitive positioning, because the front line ____________
a. is the most visible part of the firm b. contains more employees than management c. is often the first to deal with customer complaints d. is better trained at dealing with customers than are managers e. all of the above