Truck jobbers are limited-service merchant wholesalers whose responsibilities include checking the stock, suggesting reorder quantities, and removing out-of-date goods
Indicate whether the statement is true or false
True
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Using the Indirect Method For the following question(s), indicate how each transaction described would be classified on a statement of cash flows if the operating activities section is prepared under the indirect method. When using the indirect method, where is the decrease in accounts payable shown on the statement of cash flows?
A) Operating activity B) Investing activity C) Financing activity D) Noncash investing and financing activity
Joshua is a shareholder in Great Lakes Limited, a company that manufactures sporting equipment
At the company's last annual general meeting, Joshua and the other shareholders were informed about some of the company's plans to expand its operations in a new product line. Armed with this information, Joshua started his own company which manufactured and sold the same products that great Lakes had planned to commence manufacturing. Which of the following statements is correct? A) By starting his own company on the basis of information learnt at the annual general meeting, Joshua has breached a fiduciary duty owed to Great Lakes. B) Joshua has not breached any duty owed to Great Lakes. C) Great Lakes can obtain an injunction stopping Joshua from further acting on the information he learnt in the meeting. D) By starting his own company in order to compete with Great Lakes, Joshua has breached a fiduciary duty owed to Great Lakes. E) Great Lakes can obtain damages against Joshua for breach of a duty owed to it
Under the doctrine of __________, when a person voluntarily and unreasonably assumes the risk of a known danger, the manufacturer is not liable for any resulting injury
a. assumption of risk b. comparative negligence c. contributory negligence d. assumption of harm
The internal document that is used to notify the appropriate person that ordered goods have been received and to describe the quantities and condition of the goods is the ________.
Fill in the blank(s) with the appropriate word(s).