Solomon filed a complaint stating: "I was driving my 2000 Lexus carefully and under the speed limit on Sunrise when I came to the intersection of Sunrise and Madison. Garcia was driving his 2002 Ford Pickup on Madison when he ran a red light and collided with my Lexus causing damages to the Lexus. I demand $12,000 from Garcia to pay for the damages to my Lexus and $10,000 for medical bills and
lost wages.". Garcia answered, denying Solomon's claims. Garcia's answer claims
a. the defense of assumption of the risk.
b. the defense of comparative negligence.
c. the defense of contributory negligence.
d. he is not liable.
d
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The discount on a note payable gradually becomes
a. interest expense. b. interest revenue. c. interest payable. d. interest receivable.
Free cash flow is
a. all cash in the bank b. cash from operations c. cash from financing less cash used to purchase fixed assets to maintain productive capacity and cash usedfor dividends d. cash flow from operations less cash used to purchase fixed assets to maintain productive capacity
The purpose of an audit is to
a. determine whether or not a company is a good investment b. render an opinion on the fairness of the statements c. determine whether or not a company complies with corporate social responsibility d. determine whether or not a company is a good credit risk
Which method of processing does not use the destructive update approach?
a. batch processing using direct access files b. real-time processing c. batch processing using sequential files d. all of the above use the destructive update approach