Which of the following is true?
a. The FASB requires dividends paid to be classified as an operating activity.
b. The FASB requires interest paid to be classified as a financing activity.
c. The FASB allows dividends paid to be classified as an operating activity or as a financing activity.
d. The IASC allows dividends paid to be classified as an operating activity or as a financing activity.
D
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A violation where the hazard could cause injury or illness that would most likely result in death or significant physical harm is known as a _____________ violation.
A. serious B. mistaken C. minimum D. willful E. None of the above
On September 30, the Drying Department of Green Tea, Inc had Work-in-Process Inventory that was 28% complete for materials and 23% complete for conversion costs
This means that for the ending Work-in-Process inventory, ________% of materials and ________% of the conversion costs were added during September. A) 77; 72 B) 72; 77 C) 23; 28 D) 28; 23
Technology can also enable much more sophisticated forms of communication in addition to knowledge sharing.
Answer the following statement true (T) or false (F)
Grill Lovers, a Manufacturing Co that makes gas grills for outdoor cooking, sold several of its grills to Premier Home Company located in a large city. Ferris, who purchased a gas grill from Premier, was seriously injured while grilling steaks outside for a family outing. The injury resulted from a manufacturing defect in the gas line which caused an explosion as he was cooking over the grill. In
order to be successful in his lawsuit, which is based on strict liability, Ferris must present proof that a. he was in privity of contract with Premier Home Company. b. Grill Lovers had a duty to sell a safe product and that the product purchased was not safe. c. a warranty existed on the product and that there was a breach of warranty by Grill Lovers. d. the product was unreasonably dangerous when it left the manufacturer's or other seller's control and that he suffered an injury.