Wholesalers sell to all of the following except
A. retailers.
B. manufacturers.
C. businesses.
D. industrial users.
E. consumers.
Answer: E
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On January 1, 2018, the Husky Corporation acquired 90% of the Spartan Company's voting stock for $2,700,000. Spartan's net assets had a book value of $2,450,000; the fair value of Spartan's building was $325,000 greater than its book value. The book value of Husky's net assets immediately after the acquisition of Spartan totaled $6,850,000.What is the amount of goodwill to be reported on the January 1, 2018 consolidated balance sheet?
A. $202,500 B. $550,000 C. $225,000 D. $495,000
Bob's debit card was stolen on Wednesday. He notifies his bank of the theft the following morning. Meanwhile, the thief has used his card to purchase $800 worth of goods and services
Based on this scenario, which of the following is true of the Electronic Fund Transfer Act? A) Bob is liable for $50 of the $800. B) Bob is liable for $300 of the $800. C) Bob is liable for $500 of the $800. D) Bob is liable for the whole amount.
Controls that apply to the use of privately owned property include but are not limited to:
a. zoning. b. eminent domain. c. restrictive covenants. d. All of these.
Suppose a coal-burning electric generation plant emitted significant amounts of pollutants into the atmosphere. A property owner living downwind of the plant who sued the plant for trespass would not have to provide which of the following elements:
a. that the plant intended to harm the property owner b. that the plant intended to commit trespass on the property c. that the plant deposited pollutants on the property d. that the property owner suffered damages e. all of the other choices must be shown