Austin owns an antique store. In his accounting records, he includes his car—which is solely used for personal purposes. Which principle is Austin violating?
A) Personal property
B) Cost
C) Reliability
D) Business entity
D) Business entity
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The pension expense for a particular period is the amount of the cash contribution for defined contribution pension plans
Indicate whether the statement is true or false
Valdez Company is considering eliminating its kitchen division, which reported an operating loss of $53,000 for the past year. Kitchen division sales for the year were $1,040,000, and its variable costs were $775,000. The fixed costs of the division were $318,000. If the kitchen division is dropped, 60% of the fixed costs allocated to it could be eliminated. The impact on Valdez's operating income from eliminating this business segment would be:
A. $274,200 decrease B. $74,200 decrease C. $265,000 decrease D. $74,200 increase E. $265,000 increase
Pier shops in a Rowdy Ranch & Farm Store store. Enticed by a display, Pier takes an item to examine it and, when she is done, places it on the floor. Tanner, a consumer enticed by the same display, does not see the item on the floor, trips over it, falls, and suffers an injury. With respect to the danger, Rowdy had
A. a duty to advise its patrons that they assume all such risks. B. a duty to discover and remove the hazard. C. a duty to carry insurance to cover such risks. D. no duty.
Recovery in a product liability case may be limited when it can be shown that the plaintiff misused the product
Indicate whether the statement is true or false