The main distinction between a nuisance and a trespass is that a trespass occurs when:
a. there is no physical invasion of a plaintiff's property b. there is private property involved
c. there is physical invasion of a plaintiff's property
d. there is physical damage to the defendant's property
e. there is more than $50,000 of damage to a group of people
c
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Cost of goods sold represents
a. Expired costs during a period and is reported on the income statement. b. Unexpired costs and is reported on the balance sheet as an asset. c. The cost of goods that will be purchased during the next operating cycle and is reported on the balance sheet as an asset. d. Expired costs and is reported on the balance sheet as an expense.
Sora is a teenager who loves to shop for clothes. She has a points card from Trend Town, her favorite shop
Sora's card is scanned each time she makes a purchase at Trend Town, and the more she uses the card, the more special offers she receives from the shop. Managers at Trend Town are likely to use information from Sora's shopping for the purpose of customer acquisition. Indicate whether the statement is true or false
While jogging, Steve saw a man who was severely injured on the side of the road. Steve did not know the man. Under the common law of most states, Steve has an obligation to assist the man
Indicate whether the statement is true or false
A company reported the following stockholders' equity on January 1 of the current year: Common stock, $10 par, 1,000,000 shares authorized, 250,000 shares issued …………………..$2,500,000Paid-in capital in excess of par, common ………………1,260,000Retained earnings ………………………………………1,675,000Total stockholders' equity …………………..………….$5,435,000Prepare journal entries for the following selected transactions related to this company's stock during the current year:Mar. 1Purchased 10,000 shares of treasury stock for $18 per share.May 5Sold 4,000 shares of treasury stock for $16 per share.Oct. 12Sold 2,000 shares of treasury stock for $19 per share.
What will be an ideal response?