A codicil is a will substitute that avoids the cost of probate.
Answer the following statement true (T) or false (F)
False
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Adjusting entries are made in the
a. sales journal. b. general journal. c. cash receipts journal. d. cash payments journal.
Eastview Company uses a periodic LIFO inventory system, and has the following purchases and sales: January 1150 units were purchased at $9 per unit.January 17120 units were sold.January 20160 units were purchased at $11 per unit.January 29150 units were sold. What is the value of cost of goods sold?
A. $2,750. B. $380. C. $2,730. D. $440. E. $2,670.
In the national organization Toastmasters, members are required to speak on a regular basis. In one situation, a member pulls a topic from a hat, spends a few minutes preparing, and then gives a 3-5 minute presentation on the topic. What kind of delivery is this?
a. Memorized b. Scripted c. Written-and-read d. Impromptu
Jim was a mechanic. One day when he attempted to weld a car's gasoline tank, it exploded and he was hurt. He filed to collect workers' compensation. His employer resisted on grounds that Jim had been negligent and had also violated the express regulations of the company when he attempted to weld a gasoline tank. Which statement is correct?
a. Jim cannot recover if it is shown that his negligent conduct caused the explosion. b. Jim cannot recover if it is shown that he violated the express regulations of his employer. c. Workers' compensation doesn't apply in situations like this. d. Jim can recover even if he was negligent and violated the employer's rules.