The importance of trust as a fundamental principle in capitalism is illustrated by expectations that:
A) ?investors will be able to earn a return on their investments
B) ?employees may be discharged at any time for any reason without notice.
C) ?litigation is inevitable because parties to agreements usually break promises.
D) ?insider trading proves that the economic system underlying business is flawed.
A
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For liabilities, equity, and revenue accounts, debit entries represent ____________________
Fill in the blank(s) with correct word
Andrews made a $100 bet with Caruso on the World Series. When he lost, Andrews refused to pay Caruso the $100 . What are Caruso's rights?
Though it is common in the United States to use cartoon characters in advertising to children, both Japan and France limit that practice, and Canada bans any advertising targeted directly at children.
Answer the following statement true (T) or false (F)
Strzelecki Corporation uses the step-down method to allocate service department costs to operating departments. The company has two service departments, Service Department A and Service Department B, and two operating departments, Operating Department X and Operating Department Y. Data concerning those departments follow: Service DepartmentsOperating Departments Service Department AService Department BOperating Department XOperating Department YDepartmental costs$37,800$45,780$247,360$304,330Allocation base A 5,000 1,000 29,000 15,000Allocation base B 5,000 2,000 39,000 3,000 Service Department A costs are allocated first on the basis of allocation base A and Service Department B costs are allocated second on the basis of allocation base B. In the first step of the
allocation, the amount of Service Department A cost allocated to the Operating Department X is closest to: A. $16,948 B. $24,360 C. $21,924 D. $24,914