Managerial accounting focuses primarily on the performance of the company as a whole.
Answer the following statement true (T) or false (F)
False
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A drawee is primarily liable on a draft when ________
A) the instrument is issued B) the instrument is dishonored C) the instrument is presented for payment D) the drawee is an acceptor to the instrument
The two culture-building roles of a company's stated values and ethical standards are to
A. provide a basis for designing culture-supportive incentive compensation plans and reinforcing the appropriateness of particular ethical and moral actions. B. foster a work climate where company personnel share common and strongly held convictions about how the company's business is to be conducted and to provide them with guidance about how to do their jobs, steering them toward both doing things right and doing the right things. C. steer company personnel toward doing the right thing and convince outsiders that the company is socially responsible. D. communicate the company's good intentions and establish a corporate conscience. E. confirm the integrity of company personnel and signal the above-board nature of the company's business principles and operating methods.
Joe and Peter goes to the local sports bar Goals to watch the hockey game on the big screen. Their waiter Lisa served Joe 8 beers but Peter drank Coke all night long. Lisa asked who was driving home and Peter said he would be
When they left Joe drove though and he went through a red light hitting Gail's car. Gail did not have her seat belt on and was thrown from her car and suffered serious injuries. Peter was also injured in the accident too. Which of the following statements is FALSE? A) Joe is liable for negligence B) Gail can be awarded pecuniary and non-pecuniary damages C) Goals and Lisa are partially liable for Gail's injuries D) Gail's injuries will be reduced due to contributory negligence E) If the court rules that Peter voluntarily assumed the risk he will not be able to successfully sue Joe
Fully depreciated assets ________ , and so any proceeds from sale at disposal are taxable gains
A) always have a market value of zero B) have a positive book value C) have a negative market value D) have a book value of zero