Insurance cannot be sold directly to the insured by the insurer
Indicate whether the statement is true or false
FALSE
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Which of the following statements is NOT true?
a. It is much more difficult to get a criminal conviction than it is to get a judgment in a civil case. b. A preponderance of the evidence (more than 50 percent) is necessary to win a civil case. c. Criminal convictions are only successful if there is overwhelming, undeniable proof that the perpetrator "intentionally" stole money or other assets. d. Civil actions are quite rare in cases of employee fraud because perpetrators have usually spent the money they stole.
Answer the following statements true (T) or false (F)
1. The structure of an organization has very little impact on the behavior of employees. 2. An organization’s structure affects how successfully it can coordinate and accomplish its work activities. 3. In a mechanistic model, decision-making is participative and distributed throughout the organization. 4. The matrix structure combines both divisional and functional departmentalization with dual lines of authority.
Revenue and expense accounts
a. are permanent accounts. b. are temporary accounts. c. reflect cumulative changes in each account since the organization of the firm. d. record all cash receipts and cash disbursements. e. none of the above.
If Wabasso Company pays $55,000 in dividends to its corporate investor Lament Corporation (Lament owns 35% of The Wabasso Company), what entry should Lament Corporation record when it receives the dividends?
a. Cash 55,000 Dividend Income 55,000 b. Cash 55,000 Investment Income 55,000 c. Cash 55,000 Investment in Wabasso Company 55,000 d. Cash 55,000 Additional Paid-in Capital 55,000 e. Cash 55,000 Common Stock- Wabasso Company 55,000