A large uninsured loss from a fire is treated on the income statement as an extraordinary item

Indicate whether the statement is true or false


T

Business

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Which one of the following represents opinion pollster Elmo Roper's hypothesis that ideas in public information campaigns penetrate publics slowly through a process similar to osmosis?

A. Semantics of language D. Spread of an Internet virus B. Concentric-circle theory E. Congruent communication process C. One-way sender/receiver model

Business

Bluebird Mfg. has received a special one-time order for 15,000 bird feeders at $3 per unit. Bluebird currently produces and sells 75,000 units at $7.00 each. This level represents 80% of its capacity. These bird feeders would be marketed under the wholesaler's name and would not affect Bluebird's sales through its normal channels. Production costs for these units are $3.50 per unit, which includes $2.25 variable cost and $1.25 fixed cost. If Bluebird accepts this additional business, the effect on net income will be:

A. $11,250 increase. B. $33,750 decrease. C. $7,500 decrease. D. $45,000 increase. E. $33,750 increase.

Business

Tate brings an action against Marsheen for damages from trespass to Tate's property. Tate must prove the case by a preponderance of the evidence

a. True b. False Indicate whether the statement is true or false

Business

With a(n) __________ guaranty, subsidiaries guarantee, or pledge their assets as security for, the parent's debt

a. downstream b. upstream c. leveraged d. subordination

Business