Place utility is created by the customer having access to the product to use or store for future use.
Answer the following statement true (T) or false (F)
False
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If a parent has some control over a subsidiary but the subsidiary is not consolidated, the subsidiary is accounted for as:
a. a marketable security. b. an investment. c. a liability. d. a fixed asset. e. None of the answers are correct.
The test for causation in negligence is the "but for" test, but for the defendant's negligence the plaintiff's damages would not have occurred
Indicate whether the statement is true or false
In regards to extraordinary items, which of the following statements is not correct?
A) Losses due to lawsuits do not qualify as extraordinary. B) An extraordinary gain is reported the same as a loss - net of the income tax effect. C) Taking of a company assets by a foreign government are generally considered to be extraordinary items. D) Extraordinary items are reported separately from continuing operations because of their infrequent and unusual nature.
Certain mathematical properties may cause a project with a nonconventional cash flow pattern to have multiple IRRs; this problem does not occur with the NPV approach
Indicate whether the statement is true or false