A subsidiary account is:
A. a separate account maintained internally for billing purposes.
B. used for tax purposes to enable calculation of taxable income.
C. used only for computing the accounts receivable turnover.
D. prohibited by GAAP.
Answer: A
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A defendant who has not been negligent but who is made to pay a strict liability judgment can bring a separate action against the negligent party in the chain of distribution to recover its losses.
Answer the following statement true (T) or false (F)
Which of the following constraints has a surplus greater than 0?
A) BF B) CG C) DH D) AJ
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