Criminal laws are generally enforced by individuals
Indicate whether the statement is true or false
False
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Woods Company made an ordinary repair to a delivery truck at a cost of $500. Woods' accountant debited the asset account, Equipment. Was this treatment an error, and if so, what will be the effect on Woods' financial statements?
A. Yes, in the years following, net income will be overstated. B. No, the repair was accounted for correctly. C. Yes, the error understated net income. D. Yes, the error overstated assets and net income.
Answer the following statements true (T) or false (F)
Agency theory studies are always inductive.
To be characterized as a "good" under the UCC, an item of property must be movable
Indicate whether the statement is true or false
Under the merger guidelines a major reason to approve a merger is:
a. the demonstration that the merger will increase profits b. the demonstration that the merger will reduce profits c. the demonstration that the merger will create jobs d. the demonstration that the merger will enhance efficiency in the market e. the demonstration that the merger will reduce market share