Which one of the following is an example of an accrued liability?
A) Rent that has been incurred, but have not been paid at the end of the period.
B) Equipment that will benefit several periods has been purchased.
C) An insurance policy that expires in a future period has been acquired.
D) Supplies are purchased and used over several months.
A
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If a neutral or indifferent scale response is possible for at least some of the respondents, ________
A) an even number of categories should be used B) an odd number of categories should be used C) only one category should be used D) the number of categories used is unimportant E) B and C
Jim Salazar is the majority shareholder of XYZ Co XYZ Co filed for Chapter 11 Bankruptcy on January 1, 2008 . Which of the following may be considered a fraudulent transfer?
a. Transfer of land to Jim's sister Alice on July 1, 2006. b. Sale of inventory at regular price to a new customer on February 15, 2008. c. Transfer of fixed assets to Jim's brother John on December 15, 2007. d. Transfer of inventory to a subsidiary for less than fair value on August 1, 2006. e. Both a and c are correct.
It is currently illegal for manufacturers and wholesalers to control ultimate retail prices for their goods under any circumstances
Indicate whether the statement is true or false
Employees can now be secretly and intrusively spied upon by their employers, and it is perfectly legal
a. True b. False