In pollution cases involving strict liability for abnormally dangerous activities, courts have found which of the following activities to be abnormally dangerous:
a. emitting of steam by factories
b. using wasteful amounts of water in product production
c. storing of flammable liquids in quantity in an unpopulated area d. all of the other specific choices are correct
e. none of the other specific choices are correct
e
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The method of computing inventory that uses records of the selling prices of the merchandise is called
A) retail method B) last-in, first-out C) first-in, first-out D) average cost
Which of the following guidelines does NOT apply to a bar chart?
a. Bars are used to compare quantities. b. Vertical axis begins at zero. c. Increments on the quantitative axis should be equal. d. Bar widths vary to show different quantities.
Maya argues that advertising to children is unethical. If Talia disagrees with her, which of the following arguments offered by Talia is the most plausible?
A. Advertising is a part of life and children must learn to deal with it. B. Children can use their cognitive defenses against misleading ads. C. Young children can differentiate between advertisements and programs. D. Children can differentiate between reality and fantasy. E. Existing restrictions are enough to control children's advertising.
Identify which of the following statements is true.
A) The Fisher Partnership is owned equally by four individual partners. Two of the partners have fiscal years ending March 31 and two partners have fiscal years ending June 30. The partnership has a natural business year. The partnership must adopt a calendar year for tax reporting purposes unless a Sec. 444 election is made. B) Partnerships make most of the tax elections for the partnership rather than the partners. C) A partner can elect the depreciation method to be applied to the partner's share of the partnership's depreciable assets. D) All of the above are false.