Sarah furnishes more than 50% of the support of her son and daughter-in-law who live with her. If the son and daughter-in-law file a joint return, Sarah cannot claim them as dependents.
Answer the following statement true (T) or false (F)
False
Rationale: If certain conditions are satisfied (e.g., they did not have to file but did so to obtain a refund), the son and daughter-in-law can qualify as Sarah's dependents.
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A corporation should account for the declaration of a 10 percent stock dividend by
a. transferring from retained earnings to contributed capital an amount equal to the legal capital represented by the dividend shares. b. transferring from retained earnings to contributed capital an amount equal to the market value of the dividend shares. c. transferring from retained earnings to contributed capital whatever amount the board of directors deems appropriate. d. making only a memorandum entry in the general journal.
In a manufacturing company, all costs are period costs.
Answer the following statement true (T) or false (F)
In the Palsgraf case, foreseeability was an issue. The question addressed by the court was:
A) Was it foreseeable to the plaintiff (Ms. Palsgraf) that the scales would fall? B) Was it foreseeable to Ms. Palsgraf that her injury would have been caused by an explosion? C) Was it foreseeable to the plaintiff (Ms. Palsgraf) that someone in the train station would be carrying explosive fireworks? D) Was it foreseeable to the railroad employee helping the passenger onto the train that doing so might lead to injury to Ms. Palsgraf or another bystander? E) Was it foreseeable to the passenger carrying the fireworks that they might explode and injure someone?
You are just graduating from college and have little employment experience, yet you want to put together a persuasive résumé. What would be the best résumé style to use?
A) Chronological résumé B) Video résumé C) Functional résumé D) Infographic résumé