A customer's promise to pay for goods or services
A) increases the company's liabilities.
B) decreases the company's Cash account.
C) creates a liability for the company.
D) increases the assets of the company.
D
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Which of the following is an example of massive kinked bonus?
a. A sponsor rewarding an athlete only in the case of victory at an event b. An organization that gives a one piece-rate wage for all units produced irrespective of employee productivity c. A sponsor rewarding an athlete for participation in an event d. An organization rewarding an employee for referring someone who is later hired
For tax purposes a life insurance dividend is considered
A) a partial return of premium and is therefore not taxed. B) the same as a stock dividend. C) the same as a capital gain. D) an adjustment to gross income.
Arnie negligently stopped his car on the highway. Beth, who was driving along, saw Arnie's car in sufficient time to attempt to stop. However, Beth negligently put her foot on the accelerator instead of the brake and ran into Arnie's car. In this case:
a. Arnie's contributory negligence will prevent his recovery from Beth in all jurisdictions. b. Beth had the last clear chance to avoid the accident and will bear legal responsibility for it. c. Arnie has assumed the risk of the accident. d. because both parties were negligent, in a state that follows the pure comparative negligence doctrine, both parties will share the liability for their injuries.
Mike went skiing one weekend with several of his friends. While at the slope, Mike injured his leg and needed to see a doctor. Mike is likely going to view solutions to his problem as
A. specialty products. B. installations. C. shopping products. D. unsought products. E. convenience products.