Donald authorizes Alice to purchase 200 units of a certain electronic component. Alice identifies a suitable vendor and places the order. Alice bribes the vendor to have the goods delivered
Which of the following statements is true of this scenario?
A) If Donald accepts the goods purchased by Alice, agency by ratification occurs.
B) Alice has not fulfilled her duty of accounting to Donald.
C) Duty of reimbursement and indemnification does not require Donald to reimburse the bribe paid by Alice.
D) Duty of compensation requires Donald to reimburse the bribe paid by Alice.
C
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The excess of revenue over the expenses incurred in earning the revenue is called capital
Indicate whether the statement is true or false
Refer to the data given for production and shipping costs for Auto Parts, Inc. Solve the transportation problem using Excel Solver. (Remember that in balanced transportation problems all constraints—except the non-negativity constraints of the decision variables—should be set as an equal-to (=) sign in the Excel Solver dialogue.) At the optimum solution, the lowest non-zero costs are from ______.
a. Tokyo to Naples
b. Tokyo to Paris
c. Kolkata to Naples
d. Bangkok to Naples
All of the following statements regarding accounting for trading securities under U.S. GAAP are true except:
A. Any prior period fair value adjustment to the portfolio is not used to compute the gain or loss from sale of individual transactions. B. When the period-end fair value adjustment for the portfolio of trading securities is computed, it includes the cost and fair value of any securities sold. C. A realized gain or loss is recorded when the securities are sold and reported on the income statement. D. An unrealized gain or loss from a change in fair value is reported on the income statement. E. The entire portfolio of trading securities is reported at fair value.
Thanks to much publicity, the marketing concept is now practiced by all firms.
Answer the following statement true (T) or false (F)