In Yin v. J's Fashion Accessories, the court found that Yim was an agent for his company, Hosung, so was not liable for debts owed by Hosung, the principal
a. True
b. False
Indicate whether the statement is true or false
False
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Audit firms should NOT customize the audit programs based on the assessment of the risk of material misstatement when auditing long-lived assets
a. True b. False Indicate whether the statement is true or false
Since its first completion, the American Community Survey has been offering ________ estimates for geographic areas with a population of 65,000 or more, while geographic areas with populations of
20,000 or more can access ________-year estimates, and areas with populations less than 20,000 can access ________-year estimates beginning in 2010. A) yearly; five; seven B) bi-annual; three; four C) bi-annual; two; three D) yearly; three; five E) yearly; two; three
What major assumption do multi-product firms need to make in using CVP analysis that single-product firms need not make?
Danny LaBarbera made a contract to buy a vintage car from Dupree Bolton for $20,000. He had already arranged to resell the car to a collector for $30,000. Dupree backed out of the deal, and Danny was unable to find a replacement. Danny sues Dupree
What are his damages? A) $10,000. This will place Danny in the same position as if the contract had been fulfilled. B) $20,000. This will satisfy Danny's expectation interest. C) $30,000. This is what Danny expected to receive from his collector D) Zero. Danny is no worse off than he was before the breach, since he didn't pay Dupree any of the $20,000. E) $5,000. Danny was obliged to mitigate his damages.