________ is a means for persons and businesses to protect themselves against the risk of loss
A) Abatement
B) Ademption
C) Insurance
D) Easement
C
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A tendency for fraud may exist when the granting of stock options is dependent on reaching an earnings goal
a. True b. False Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
1. Just like guests having moments of truth where they decide to come back to an establishment, employees have moments of truth where they decide to continue working for managers. 2. Guests are typically very curious about which part of the service system failed when they are not satisfied. 3. Employees make the difference between providing a service product and co-creating one with the emotional connection necessary to create the “wow” experience. Otherwise, more pieces of the experience would be co-created using AI or other technology. 4. The term “guest promise” specifically refers to the advertised promise of service. If the guest does not feel that what they matches is equivalent with what was advertised than the promise was broken. A “guest guarantee” is the term used if the promise is verbal or written.
The income statement describes revenues earned and expenses incurred along with the resulting net income or loss over a specified period of time.
Answer the following statement true (T) or false (F)
On November 1, Arvelo Corporation had $32,000 of raw materials on hand. During the month, the company purchased an additional $78,000 of raw materials. During November, $95,000 of raw materials were requisitioned from the storeroom for use in production. These raw materials included both direct and indirect materials. The indirect materials totaled $3,000. Prepare journal entries to record these events. Use those journal entries to answer the following questions:The credits to the Work in Process account as a consequence of the raw materials transactions in November total:
A. $95,000 B. $78,000 C. $92,000 D. $0