Speech that is offensive to many members of the society but is not obscene or violent is held unprotected by the U.S. Supreme Court
Indicate whether the statement is true or false
FALSE
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The set of brands a consumer knows about but has neither positive nor negative feelings for is the:
A) inept set B) inert set C) cognitive set D) evoked set
Answer the following statements true (T) or false (F)
1. If a contingency is remote, the company does not need to record a liability and does not need to disclose it in the notes to the financial statements. 2. A contingency was evaluated at year-end and considered to have a remote possibility of becoming an actual liability. If this is not reported on the balance sheet or in the notes to the financial statements, it could be considered a violation of generally accepted accounting principles. 3. A contingency was evaluated at year-end and considered to have a reasonable possibility of becoming an actual liability. If this was not reported on the balance sheet or in the notes to the financial statements, it could be considered a violation of generally accepted accounting principles. 4. Contingencies that are reasonably possible have a greater chance of occurring but are not likely. 5. Contingencies that are reasonably possible are not described in the notes to the financial statements.
Barbara's Boats uses the periodic inventory system and the net method of accounting for purchases. The company had the following transactions during January: January 6: Purchased $10,000 of inventory. The seller's credit terms are 2/10, n/30.January 31: Due to an oversight, the invoice was not paid within the discount period. Full payment was made on January 31. Prepare journal entries to record each of the preceding transactions.
What will be an ideal response?
It is legal for a company employee to make a profit by personally purchasing shares of the corporation prior to public release of favorable information
Indicate whether the statement is true or false