A court's holding that a corporation was organized solely to avoid liability is known as "piercing the corporate veil"
Indicate whether the statement is true or false
T
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Which of the following generations is the most educated to date?
A) Lost Generation B) Baby boomers C) Millennials D) Generation X E) Silent Generation
For the current year, Winston Inc reported sales of $800,000 and an asset turnover of 2. The rate of return on average invested assets was 20%. The company's margin for the year was:
A) 10% B) 40% C) 25% D) 50%
Proximate cause exists when the connection between an act and an in-jury is strong enough to justify imposing liability
a. True b. False Indicate whether the statement is true or false
Bev is an employeeof the accounting firm Catz & Douglas, which ob¬tains key-person life in¬surance on Bev in the amount of $1 million from Equity Insurance Company. Bev quits Catz & Douglas to join Financial Analysis, LLC. Bev dies. Under the principle of insurable interest, Equity Insurance must pay the $1 million to
a. Bev's spouse Grant. b. Catz & Douglas. c. Financial Analysis. d. no one.