A standard definition of domestic partnership includes all of the following EXCEPT
A. a requirement that the couple live together.
B. a specification of financial interdependence.
C. a requirement that the relationship be a permanent one.
D. a requirement that each be a blood relative.
Answer: D
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The carrying amount of the bonds is defined as the face value of the bonds plus any unamortized discount or lessany unamortized premium
a. True b. False Indicate whether the statement is true or false
On October 29, 1989, Alex agrees to paint Georgia's house during the Thanksgiving week for $4,000 in exchange for Georgia's promise to pay him $4,000 in cash immediately upon completion of the work. Which of the following statements is true of this case?
A. Alex could back out of the deal on October 31 without legal liability to Georgia because she has not given any consideration for Alex's promise to do the work until she pays him. B. Georgia could hire another painter on October 31 without legal liability to Alex because until he has painted the house, he has not given any consideration for Georgia's promise to hire him. C. Alex could back out of the deal on October 29 without legal liability if he could prove that $4,000 was inadequate consideration to paint Georgia's house. D. Both parties are bound on October 29 because each has given consideration for the other's promise.
In designing control charts, samples are used because measuring every product or service produced is ______.
A. time-consuming B. easy to do C. inexpensive D. not required by government regulations
Describe and explain the two types of fixed costs classifications that are found when a company prepares a segmented income statement as opposed to a variable costing income statement