Germany's Bayer Group was fined millions of dollars to settle a lawsuit alleging it had conspired with Archer Daniels Midland and other global companies to set prices for an enzyme used in animal feeds. What was the issue in this lawsuit?
A) price skimming
B) market penetration
C) price bundling
D) price fixing
E) dumping
D
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Most longterm liabilities are related to a firm's investing activities
a. True b. False Indicate whether the statement is true or false
Fragmental Co. leased a portion of its store to another company for eight months beginning on October 1, at a monthly rate of $1150. Fragmental collected the entire $9200 cash on October 1 and recorded it as unearned revenue. Assuming adjusting entries are only made at year-end, the adjusting entry made by Fragmental Co. on December 31 would be:
A. A debit to Rent Revenue and a credit to Cash for $3450. B. A debit to Unearned Rent and a credit to Rent Revenue for $3450. C. A debit to Unearned Rent and a credit to Rent Revenue for $5750. D. A debit to Rent Revenue and a credit to Unearned Rent for $3450. E. A debit to Cash and a credit to Rent Revenue for $9200.
Which of the following statements is FALSE?
A) When the parties to a contract have done everything that they promise to do, the contract is discharged. B) If the performance of a contract is made impossible through no fault of either of the parties, the contract is said to be frustrated. C) Frustration excuses the parties from performance of the contract. D) Force majeure and an "act of God" are synonymous. E) Natural disasters can render it impossible to complete a contract, but it is not a breach of contract
Labeling infertility surgery as "diagnostic surgery" in order to allow the patient to recover the costs from an insurer is unethical
Indicate whether the statement is true or false