The need to protect intellectual property is recognized in the Declaration of Independence
Indicate whether the statement is true or false
False
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Which of the following statements relating to insurance companies is correct?
a. Under GAAP, the balance sheet of an insurance company is classified by current assets and current liabilities. b. The largest liability on the balance sheet is generally unearned premiums. c. Under statutory accounting practices, real estate, not used in operations, is valued at market value on the balance sheet. d. For long-duration contracts, revenue is recognized when the premium is due from the policyholder.
The accounting rate of return is used more often than the internal rate of return
Indicate whether the statement is true or false
The Office of ________ takes on the tough responsibility of deciding which polluters will be taken to court
A) Compliance B) Pollution Control C) Regulatory Enforcement D) Environment Protection
Lipstik, Inc makes cosmetics. Lipstik intentionally mislabels its packaged products to conceal a defect. Trusting and relying on the mislabeling, Mikayla buys a Lipstik product and suffers an injury. Lipstik is most likely liable for A) product misuse
B) fraud. C) privity. D) ?puffery.