In a constructive discharge:
a. the employer provides feedback on performance problems that will help the employee in a future job
b. a quit is treated as a termination because circumstances forced the employee to leave
c. the employee will be able to sue for the tort of constructive discharge
d. the employee is fired after the employer has built or constructed a prima facie case for the employee's dismissal
B
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Which of the following is the proper treatment for a contingency that is probable but the exact amount of which is not known? The amount can be estimated.
A) The liability should be doubled following conservatism. B) The liability should be estimated and recorded. C) The liability should be ignored. D) The liability should be reported in the notes to the financial statements.
U.S. GAAP and IFRS view investments of between 20% and 50% of the voting stock of another company as minority, active investments unless evidence indicates that the investor cannot exert significant influence
Indicate whether the statement is true or false
A hardware store offers highly discounted sale items to attract people into the store. This is an example of which kind of pricing strategy?
a. introductory offer b. sale pricing c. customer-led pricing d. loss leader
Aunt Ellie promises her 21-year-old nephew, Robbie, that she will pay him $100 if he quits smoking for a month. If Robbie does, is there a binding contract?
a. No, because Robbie gave no benefit to Aunt Ellie. b. No, because Robbie did not suffer any detriment. c. Yes, because stopping smoking will benefit Robbie's health. d. Yes, because Robbie gave up a legal right.