Chance nodes are

a. nodes provided at the end of the states-of-nature branches.
b. nodes indicating points where an uncertain event will occur.
c. nodes provided at the end of the decision alternative branches where a payoff is shown.
d. nodes indicating points where a decision is made.


B

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What is the effect of the sale of $5,000 worth of cash equivalents at cost in the statement of cash flows prepared under the direct method?

a. Add $5,000 in the reconciliation b. $5,000 investing cash inflow c. $5,000 operating cash inflow d. No disclosure

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A will has to be written on legal paper to be considered valid

Indicate whether the statement is true or false

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Tony Bales worked at a zoo and regularly fed the rare and exotic birds. One day he opened a new, sealed bag of bird feed; poison in it penetrated the cotton gloves he was wearing, injuring his hands

The poison got into the feed when the manufacturers used a mixing machine that had been used for making chemicals without washing the apparatus. Assume there is no workers' compensation scheme in place. Which of the following is true? A) Tony could successfully sue his employer in negligence because the injury happened during the normal course of employment. B) Tony could successfully sue his employer in negligence because his employer had breached the standard of care expected of employers. C) Tony could successfully sue the seed manufacturer in negligence. D) Tony could not successfully sue the manufacturer because there was o legal relationship between them. E) Both B and C

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The ________ was established as part of the 1998 tobacco settlement and is dedicated to reducing tobacco use.

A. American Legacy Foundation. B. Direct Marketing Reform Agency C. Telephone Consumer Protection Agency. D. Federal Telemarketing Reform Agency E. Direct Selling Association.

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