Negligent misrepresentation is:
A) an incorrect statement made with due care for its accuracy
B) an incorrect statement made without due care for its accuracy
C) a correct statement made with due care for its accuracy
D) more difficult to prove than fraudulent misrepresentation
E) not grounds to rescind a contract
B
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An asset is being constructed for an enterprise's own use. The asset has been financed with a specific new borrowing. The interest cost incurred during the construction period as a result of expenditures for the asset is
a. a part of the historical cost of acquiring the asset to be written off over the estimated useful life of the asset. b. interest expense in the construction period. c. recorded as a deferred charge and amortized over the term of the borrowing. d. a part of the historical cost of acquiring the asset to be written off over the term of the borrowing used to finance the construction of the asset.
Employees might sue an employer whose failure to use pollution controls contaminated the air and caused the employees to suffer respiratory illnesses.
Answer the following statement true (T) or false (F)
At the end of a brainstorming session, participants are often asked to
A. propose one more new idea each. B. vote on the best ideas. C. identify which ideas each person proposed. D. defer to management for the final decision. E. identify the worst ideas.
Assume you have a choice between two deposit accounts. Account X has an annual percentage rate of 12.25 percent but with interest compounded monthly. Account Y has an annual percentage rate of 12.20 percent with interest compounded continuously
Which account provides the highest effective annual return?