A capital expenditure results in a debit to
A) an expense account
B) a capital account
C) a liability account
D) an asset account
D
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A violation of a statute constitutes negligence per se regardless of whether the injured party is a member of the class protected by the statute
a. True b. False Indicate whether the statement is true or false
Holiday DeCor Company is insured by a commercial general liability policy (CGL). Holiday DeCor rented a storage facility for one month to store some excess inventory
While visiting the storage facility, a Holiday DeCor employee discarded a cigarette. The resulting fire severely damaged the storage facility. Which statement is true regarding coverage of this damage under the CGL? A) There is no coverage as the damage occurred at a rented premises. B) There is no coverage because property damage liability is excluded. C) The damage is covered under the fire legal liability coverage. D) There is no coverage because an employee of Holiday DeCor caused the loss.
________ is the risk of being unable to cover financial obligations of a firm
A) Systematic risk B) Business risk C) Financial risk D) Diversifiable risk
How did it come about that China, France, Russia, the United Kingdom and the United States are the five permanent members of the United Nations Security Council?
A) They were the primary victors in World War II. B) They are the nations with the largest populations. C) They are the economic leaders of the world. D) They are the nations with the largest military forces.