By piercing the company veil, a court exposes the shareholders of the company to personal liability
Indicate whether the statement is true or false
True
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A consent decree is: A) comparable to a not guilty plea
B) comparable to a nolo contendere plea. C) a guilty plea to agency charges. D) not made public.
A filling machine is designed to fill soda bottles with 16 ounces of soda. The distribution for the weight of the bottles is normal. Twenty bottles are selected and weighed. The sample mean is 15.3 ounces and sample standard deviation is 1.5 ounces. Develop a 90% confidence interval for this sample. What can we conclude about this filling process?
Answer the following statements true (T) or false (F)
1. When using the aging method, the amount calculated to be the uncollectible accounts is always the amount used for the adjusting entry at the end of the period. 2. There are two methods for accounting for uncollectible receivables. 3. The percent of sales method of accounting for uncollectible accounts is also called the balance sheet approach. 4. Sassafras, Inc. uses the allowance method to account for uncollectible accounts. If the Allowance for Doubtful Accounts has a $1,150 credit balance and the company estimates that $6,650 of accounts will be uncollectible based on an aging of Accounts Receivable, then the journal entry will include a credit to Allowance for Doubtful Accounts for $7,800. 5. Accounts Receivable are reported at current market value in the Current Assets sections of the Balance Sheet.
The ability of a government to exert control over a person or corporation is called _____
a. subjugation b. jurisdiction c. legitimacy d. notice