Firefox and OpenOffice are all examples of_____
a. Web browsers
b. utility software
c. products developed through re-engineering
d. open source software
d
?
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Product liability suits may be based on
a. breach of warranty. b. negligence. c. strict liability. d. all of these.
Pluto Corporation owns 70 percent of Saturn Company's stock. On July 1, 20X4, Pluto sold a piece of equipment to Saturn for $56,350. Pluto had purchased this equipment on January 1, 20X1, for $63,000. The equipment's original 15-year estimated total economic life remains unchanged. Both companies use straight-line depreciation. The equipment's residual value is considered negligible.Based on the information provided, in the preparation of the 20X4 consolidated financial statements, equipment will be ________ in the consolidation entries.
A. debited for $56,350 B. debited for $63,000 C. credited for $63,000 D. debited for $6,650
Definition of a Security. Life Partners, Inc (LPI), facilitates the sale of life insurance pol-icies that are owned by persons suffering from AIDS (acquired immune deficiency syndrome) to investors at a discount. The investors pay LPI, and LPI pays the
policyholder. Typically, the policyholder, in turn, assigns the policy to LPI, which also obtains the right to make LPI's president the beneficiary of the policy. On the policyholder's death, LPI receives the proceeds of the policy and pays the investor. In this way, the terminally ill sellers secure much-needed income in the final years of life, when employment is unlikely and medical bills are often staggering. The SEC sought to enjoin (prevent) LPI from engaging in further transactions on the ground that the investment contracts were securities, which LPI had failed to register with the SEC in violation of securities laws. Do the investment contracts meet the definition of a security discussed in this chapter? Discuss fully.
Which of the following is true of how different generations view each other?
A. Millennials might believe that Baby Boomers do not comply with company rules. B. Millennials may think Generation X managers are good delegators. C. Baby Boomers may consider Millennials to be technologically illiterate. D. Generation X managers may think that Millennials lack self-confidence. E. Traditionalists may believe that Millennials don't have a strong work ethic.