The doctrine of sovereign immunity cannot immunize a foreign nation from the jurisdiction of U.S. courts
a. True
b. False
Indicate whether the statement is true or false
False
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Alltech Company maintains a separate accounts receivable account for each customer. On June 18, Alltech provides $6100 of services on account to customer Anthony and $1000 of services on account to customer Walker. How will these two transactions affect the control and subsidiary accounts?
A) The control account, Accounts Receivable, will be increased with a debit of $7100. B) The individual customer accounts in the subsidiary ledger will be increased with credits. C) After posting these transactions, the sum of the balances in subsidiary accounts receivable will not equal the control account balance. D) The control account will have a debit balance and the subsidiary accounts will have a credit balance. This keeps the accounting equation in balance.
The Beaver Study indicated the following ratio (ratios) to be the best for forecasting financial failure:
a. cash flow/total debt. b. net income/total assets. c. total debt/total assets. d. cash flow/total debt and net income/total assets. e. all of the answers are correct.
A bias is:
a. an example of cultural pride. b. an example of impartiality. c. a way of thinking that is always negative. d. a way of thinking that prevents you from being impartial about a situation, issue, or person.
A buyer obtains an insurable interest when the goods are identified to the contract
a. True b. False Indicate whether the statement is true or false