What does the term respondeat superior mean?
a. Let the master answer
b. Let the servant answer
c. Let the servant or master answer
d. The master was negligent
a
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Which of the following accounts would not appear on the balance sheet of a lessee company recording a capital lease?
a. Accumulated depreciation on the leased asset b. Lease obligation in the current liability section c. Lease obligation in the long-term liability section d. Rent expense on the income statement
When using the direct method, how is the collection of cash from customers shown on the statement of cash flows?
a. Operating activity b. Investing activity c. Financing activity d. Noncash investing and financing activity
Transmitting numerous SYN packets to a targeted receiver, but NOT responding to an ACK, is
a. a smurf attack. b. IP Spoofing. c. an ACK echo attack d. a ping attack. e. none of the above
Other things equal, a higher leverage ratio implies:
A) a higher ROA. B) lower financial risk for shareholders. C) greater financial risk for shareholders. D) a lower ROE.