A tort is:
a. a breach of a duty owed to another that causes harm b. a public law
c. designed to criminally punish wrongdoers d. a wrong defined by Congress
e. a legal wrong defined by state legislatures
a
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Which of the following would be added to net income in computing cash flows from operating activities?
A) an increase in accounts receivable B) an increase in inventories C) a decrease in deferred taxes payable D) a decrease in prepaid expenses
Product quality includes all of the follwing except
a. Durability. b. Appeal. c. Price. d. Performance.
Which of the following statements is correct regarding fringe benefits earned by employees whose regular wages are normally classified as direct labor?
A) Fringe benefits should also be classified as direct labor. B) Fringe benefits should be classified as indirect labor. C) Fringe benefits should be classified as a period cost. D) Fringe benefits should not be classified as either a product or period cost.
Bill lends Harvey $1,500 and the loan is secured by Harvey's furniture. If Bill files a financing statement on January 30, 2012 how long will it be effective?
a. Until July 30, 2012. b. Until January 30, 2017. c. Until January 30, 2032 d. For 30 days.