The bulk-supplier doctrine holds that the bulk supplier:
a. has a duty to take reasonable steps to insure that its buyer is knowledgeable and equipped to provide warnings to the ultimate users, but it does not have to police the details of what is done as the product continues down the chain of use
b. has no duty to take reasonable steps to insure that its buyer is knowledgeable and equipped to provide warnings to the ultimate users, and it does not have to police the details of what is done as the product continues down the chain of use
c. has a duty to take reasonable steps to insure that its buyer is knowledgeable and equipped to provide warnings to the ultimate users and must police the details of what is done as the product continues down the chain of use
d. is liable for injuries caused by any item sold e. none of the other choices are correct
a
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Harvard Financial Services, Inc. purchased computers that are to be used in its consultancy services. Based on the matching principle, what account, other than Computers, should appear on the balance sheet as of December 31, 2016?
A) Depreciation Expense B) Service Revenue C) Accumulated Depreciation D) Equipment Expense
Working capital is the money needed to pay for investments in facilities, equipment, and other "fixed assets" needed to do the firm's basic work.
Answer the following statement true (T) or false (F)
CPA QUESTION A principal will not be liable to a third party for a tort committed by an agent:
a. Unless the principal instructed the agent to commit the tort b. Unless the tort was committed within the scope of the agency relationship c. If the agency agreement limits the principal's liability for the agent's tort d. If the tort is also regarded as a criminal act