All of the following are recognized as reasons for accumulating earnings except
A. redemption of stock of deceased shareholder.
B. product liability loss reserves.
C. working capital needs.
D. All of the above are recognized reasons for accumulating earnings.
Answer: D
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GPS Devices Inc. sponsors a "Finders Keepers!" contest in which Erwin and other entrants agree to race to certain locales to win small prizes and collect clues that lead to the "Grand Lost Treasure," which the first finder will be awarded. GPS reserves the right to cancel the contest or change its terms at any time. If Erwin challenges this reservation in court, the court will most likely hold that GPS can
A. cancel the contest or alter its terms at any time. B. not modify the terms of the contest after it begins. C. reduce the amount of the small prizes but not the grand prize. D. reduce the amount of the grand prize but not the small prizes.
A motion for summary judgment may be supported with materials outside the pleadings.
Answer the following statement true (T) or false (F)
Homeowners insurance policies usually cover resident relatives of the named insured who are under age 24 and who are full-time students away from home. Under the homeowners policy, these full-time students are considered
A) first named insureds. B) second named insureds. C) other insureds. D) additional insureds.
Gathering and distributing purchasing information both from and to internal and external parties using Internet technology best defines
A) e-tendering. B) e-informing. C) e-sourcing. D) e-MRO.