Everett is an accountant whose clients include Finance & Capital, Inc Under the Ultramares rule, if Everett is negligent in his work for Finance & Capital, he could be liable to Finance & Capital and
a. any third party.
b. no third party.
c. third parties who are foreseen users of the work.
d. third parties who are reasonably foresee¬able users of the work.
B
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Which of the following is an example of a shopping product?
A) toothpaste B) fast food C) laundry detergent D) television E) candy
Spencer Co. decides to establish a petty cash fund with a beginning balance of $200. The company decides that any purchase under $25 can be processed through petty cash instead of the voucher system. The journal entry to record establishing the account is:
A. Debit Petty Cash $200; credit Cash $175; and credit Cash Over and Short $25. B. Debit Cash $200 and credit Petty Cash $200. C. Debit Cash $200 and credit Cash Over and Short $200. D. Debit Cash $200 and credit Petty Cash Over and Short $200. E. Debit Petty Cash $200 and credit Cash $200.
The existence of different cultures or ethnicities within a group or organization is the definition of ______.
A. multicultural B. ethnocentrism C. diversity D. prejudice
Trade barriers are
A. restrictions on imports. B. restrictions on exports. C. the lack of incentives and subsidies to stimulate imports. D. the lack of incentives and subsidies to stimulate exports.