A corporation is referred to as a domestic corporation by its home state.
Answer the following statement true (T) or false (F)
True
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On November 5, 2014, a Longhaul Rental truck was in an accident with an auto driven by Alana Rodriguez. Longhaul Rental received notice on January 12, 2015, of a lawsuit for $700,000 damages for personal injuries suffered by Rodriguez. Longhaul Rental's counsel believes it is probable that Rodriguez will be awarded an estimated amount in the range between $300,000 and $550,000, and that $400,000
is a better estimate of potential liability than any other amount. Longhaul's accounting year ends on December 31 . and the 2014 financial statements were issued on March 2, 2015 . What amount of loss should Longhaul accrue at December 31 . 2014? a. $0 b. $300,000 c. $400,000 d. $550,000
To minimize legal problems in the event a spousal death, many people open their checking accounts as tenants in common
Indicate whether the statement is true or false.
Collecting the principal on a loan to another company would be reported on the investing activities section of the statement of cash flows.
Answer the following statement true (T) or false (F)
What is a job analysis, and how is one conducted?
What will be an ideal response?