Kay carelessly bumps into Lyle, knocking him to the ground. Kay has committed the tort of negligence
A. only if Lyle is injured.
B. only if Lyle is not injured.
C. under any circumstances.
D. under no circumstances.
Answer: A
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If bonds of $1,000,000 with unamortized discount of $10,000 are redeemed at 98, the gain on redemption of bonds is$10,000
a. True b. False Indicate whether the statement is true or false
Which of the following is a key element of internal control over cash payments?
A) periodically reconciling the cash account balance on the company's books to the bank statement balance B) making daily bank deposits C) requiring that all petty cash vouchers be approved by two signatures D) authorizing and verifying that all cash received is recorded daily
Consumers often use the prices of ________ items, such as a can of Coke, to form an overall impression of the store's prices.
A. point-of-purchase B. benchmark C. stoplight D. value-based E. loss-leader
Which of the following classifications represents the largest number of shares?
A) Authorized shares. B) Outstanding shares. C) Treasury shares. D) Issued shares.