Which of the following is among the "do's and don'ts" suggested in our text for expert witnesses during a deposition or trial? I. Memorize answers to questions you expect to be asked in order to minimize the chances for mistakes. II. Bluffing is often a good strategy if you're not sure of an answer since an expert should be well-versed in most topics posed to him/her. III. Don't respond
to statements or observations, only to questions.
a. I and II only
b. I only
c. II only
d. III only
e. Neither I, II, nor III
d
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When a long-term asset is sold for more than its book value, the difference represents a gain
a. True b. False Indicate whether the statement is true or false
Cuisine Company received a 6-month, 6% note for $10,000 from its president on October 1, 2016 . The note is due on March 31, 2017 . If Cuisine's accounting period ends on December 31, how much interest revenue should Cuisine recognize during 2016 and 2017? 2016 2017
a. $450 $150 b. $600 $ 0 c. $300 $300 d. $150 $150
Which of the following items should not be used to measure the performance of a manager whose division "sells" to other divisions of the company exclusively?
a. Negotiated profit margin within the transfer prices b. Labor efficiency rates c. Corporate overhead allocations d. Variable costs of production
A broker's failure to present all offers is a breach of fiduciary duty
Indicate whether the statement is true or false