The trustee is the person for whose benefit a trust is held.
Answer the following statement true (T) or false (F)
False
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Which company is most likely going to use a continuous campaign schedule of advertising?
A) a lawn mower manufacturer B) a Christmas decoration supplier C) a furniture manufacturer D) a space heater manufacturer
When having to convey negative information in a routine message, what should the writer do?
A) Stress only the most positive information B) Refer to the negative information in general and nonspecific terms C) Put the negative information in as positive terms as possible D) Avoid explaining the negative information E) Use an indirect approach
U.S. GAAP and IFRS require complex procedures in accounting for income taxes. A deferred tax asset arises when
a. a firm recognizes an expense earlier for financial reporting than for tax reporting. b. a firm recognizes an expense earlier for tax reporting than for financial reporting. c. a firm recognizes a revenue earlier for financial reporting than for tax reporting. d. a firm recognizes a revenue earlier for tax reporting than for financial reporting. e. none of the above
A doctor driving on a highway stops at a car accident to give medical aid that takes an hour of time. The accident victim is unconscious when the doctor arrives, so he does not give his consent to the aid. The doctor bills the victim for an hour of medical services:
a. an express contract existed; the victim pays b. an executed contract existed; the victim pays c. a quasi-contract existed, otherwise the victim would be unjustly enriched d. a valid contract, enforceable by law, was not created; no payment e. this was an adhesion contract; no payment