By law, bystanders are always required to help others in peril
a. True
b. False
Indicate whether the statement is true or false
False
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Landis Company is preparing its financial statements. Gross margin is normally 40% of sales. Information taken from the company's records revealed sales of $25,000; beginning inventory of $2,500 and purchases of $17,500. What is the estimated amount of ending inventory at the end of the period?
A. $8,000 B. $15,000 C. $5,000 D. $10,000
The only requirement for a valid contract is that the parties voluntarily entered into it
a. True b. False Indicate whether the statement is true or false
Assume that the tax on dividends and the tax on capital gains is the same. All else equal, what
would a prudent investor prefer? A) The prudent investor would prefer dividendsNa dollar today is always worth more than a dollar to be received in the future. B) The prudent investor would prefer capital gainsNthe capital gain tax liability can be deferred until gains are realized. C) The prudent investor would be indifferent between receiving dividends or capital gains. D) More information is needed.
The GATT 1994 established rules for regulating trade in goods and services and creation of the WTO
Indicate whether the statement is true or false