Cold Stuf, Inc., makes snowboards, which it sells to Deep Freeze Sports Store (DFS). DFS sells Cold Stuf boards to consumers, including Ed. Ed is injured while using the board. In a product liability suit based on strict liability, Ed may recover from
A. Cold Stuf only.
B. Cold Stuf or DFS.
C. DFS only.
D. no one.
Answer: B
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“Centrality” describes meeting members who ______.
A. control the flow of information and collaboration B. work in the company’s headquarters C. sit in the center of the room D. perform the most important function in the company
The words "accept" and "except" are _____
A. antonyms B. derivative adjectives C. pseudo-homonyms D. participial adjectives
The issue in a case is also known as the question presented
a. True b. False
A company uses the percent of sales method to determine its bad debts expense. At the end of the current year, the company's unadjusted trial balance reported the following selected amounts: Accounts receivable$365,000?debitAllowance for uncollectible accounts 600?debitNet Sales 810,000?credit All sales are made on credit. Based on past experience, the company estimates that 0.4% of net credit sales are uncollectible. What amount should be debited to Bad Debts Expense when the year-end adjusting entry is prepared?
A. $2060 B. $3840 C. $2640 D. $3240 E. $860