Once the choice of a legal form for a new business has been made, it cannot be changed until the business is dissolved or sold.
Answer the following statement true (T) or false (F)
False
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Why does teamwork matter? What results can it achieve?
What will be an ideal response?
What are the three categories of expenses identified in APB Statement 4, and what is the related hierarchy of expense recognition?
What will be an ideal response?
Which of the following statements is (are) true concerning investments of property and casualty insurers and life insurers?
I. Property and casualty insurance companies place greater emphasis on liquidity than do life insurers. II. Life insurance company investments are, on average, of longer duration than property and casualty insurance company investments. A) I only B) II only C) both I and II D) neither I nor II
Safe-T-Made Company makes electrical cords and other connectors for electronic devices. Rowena files a product liability suit against Safe-Rite, alleging a warning defect. Under the Restatement (Third) of Torts: Products Liability, in deciding whether to hold Safe-T-Made liable, the court may consider
A. the expectations of the seller. B. the identities of the company's owner. C. the intentions of the manufacturer. D. the characteristics of expected users.