A(n) ________ is a type of plea where the defendant pays a penalty without admission of guilt.

A. nolo contendere
B. arraignment
C. indictment
D. plea bargain


Answer: A

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A $300,000 bond issue with a carrying value of $311,000 is called at 103 and retired. The entry to record the retirement of bonds is:

A) Bonds Payable 309,000 Cash 309,000 B) Bonds Payable 311,000 Cash 311,000 C) Cash 300,000 Bonds Payable 300,000 D) Bonds Payable 300,000 Unamortized BondPremium 11,000Cash 309,000Gain on Retirementof Bonds 2,000

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Net income divided by sales is the formula for which of these analytical measures?

A. Net margin B. Return on equity C. Return on assets D. Earnings per share

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Johan steals Krispin's car and sells it to Lemar. Krispin can recover the car from Lemar

a. only if Lemardid not know that the car was stolen. b. only if Krispin pays to Lemar the amount that Lemar paid to Johan for the car. c. only if Lemarknew that the car was stolen. d. under any circumstances.

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A partnership designed to protect innocent partners from malpractice or negligence claims resulting from acts of another partner is a(n):

A) Partnership. B) Limited partnership. C) Limited liability partnership. D) General partnership. E) Unlimited liability company.

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