In Squish La Fish v. Thomco Specialty Products, where a company bought an adhesive to use in production based on seller's recommendation, and it did not work, the appeals court held that the seller may be liable for negligence
a. True
b. False
Indicate whether the statement is true or false
True
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Unit costs are determined by dividing the total costs of the period by the equivalent units
Indicate whether the statement is true or false
Leaders who perform critical tasks and interact with others regularly have a greater ability to use their power to influence others. These leaders are exhibiting the contingency factor called
A. visibility. B. centrality. C. discretion. D. substitutability E. ingratiation.
Which of the following is a correct equation to solve for the NPV of the project that has an initial outlay of $30,000, followed by incremental cash inflows in the next 3 years of $15,000, $20,000, and $30,000? Assume a discount rate of 10%
A) NPV = - $30,000 + $15,000(1.10)1 + $20,000(1.10)2 + $30,000(1.10)3 B) NPV = - $30,000 + $15,000/(1.10)1 + $20,000/(1.10)2 + $30,000/(1.10)3 C) NPV = - $30,000 + $15,000/(1.01).10 + $20,000/(1.02).10 + $30,000/(1.03).10 D) NPV = - $30,000 + $15,000/(1.1).10 + $20,000(1.2).10 + $30,000(1.3).10
Cold, Inc, reported a $100,000 total tax expense for financial statement purposes in year 1 . This total expense consisted of $150,000 in current tax expense and a deferred tax benefit of $50,000 . The deferred tax benefit consisted of $90,000 in deferred tax assets reduced by a valuation allowance of $40,000 . In year 2, Cold reports $600,000 in book net income before tax. Cold records no other
permanent or temporary book-tax differences. At the end of year 2, Cold's auditors determine that the existing valuation allowance of $40,000 should be reduced to zero. What is Cold's total tax expense for year 2? a. $250,000 b. $210,000 c. $170,000 d. $40,000