Jill owns a retail business by herself and was sued by a customer who fell in the store. The customer claimed the business was negligent in caring for its floors. Which statement best describes Jill's potential liability?
A)Jill has no potential liability to the customer.
B)Jill can be held personally liable to the customer since she is the owner.
C)Jill can only be liable to the amount she initially invested in the business.
D)Jill cannot be held personally responsible; the woman's insurance must pay for the claim.
B
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Which of the following statements regarding amortization is true?
a. Amortization of the premium causes the premium on bonds payable account to increase. b. Amortization of the premium causes the amount of interest expense to increase. c. Cash interest payments on bonds equals interest expense on the income statement when there is amortization of bond premium. d. Amortization of premium continues over the life of the bond until the balance in the account is reduced to zero.
Marciano Manufacturing uses a standard cost system. Standards for direct materials are as follows:
The company plans to produce 3500 units and has purchased on account 15,000 pounds of direct materials at a net cost of $43,200. What is the journal entry to record this transaction?
To communicate effectively, a marketing communicator should most likely ________
A) ensure that the encoding and decoding processes are different B) encode and decode the message personally and frequently C) understand the consumer's field of experience D) foresee unplanned static or distortion E) use familiar words and symbols
What is an agent's duty to account?
What will be an ideal response?