Punching someone in the face is a:
A) tort
B) crime.
C) tort and a crime.
D) either a tort or a crime, and the victim must select which to pursue.
C
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The discrepancy between methods used for accounting purposes and methods used for tax purposes causes items in the financial statements to be shown "net of tax."
Indicate whether the statement is true or false
The financing activities section of the statement of cash flows includes activities that affect current assets and current liabilities
Indicate whether the statement is true or false
More freight is carried over more miles ________ than any other mode of transportation.
A. by pipeline B. over water C. by air D. by truck E. by railroad
Under the LIFO inventory flow assumption, if the number of units in inventories increase between the beginning and end of the period, absorption costing net operating income will generally be greater than variable costing net operating income.
Answer the following statement true (T) or false (F)