In order to keep accurate records about the collection of cash for a previously written off account, collection of cash for a previously written off account, a business should re-establish the Accounts Receivable by debiting the receivable account
Indicate whether the statement is true or false
TRUE
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Evidence obtained from an illegal search may not be used against the defendant. This is called
A. bloom of the illegal bush. B. flower of the unlawful fruit. C. fruit of the poisonous tree. D. sticker of the criminal shrub.
The presentation of the excess tax benefits related to stock options includes all of the following except:
A. Excess tax benefits are reflected in the cash from financing activities section of the statement of cash flows. B. Excess tax benefits are shown as a reduction of income tax expense. C. Presentation of excess tax benefits is guided by ASU 2016-09. D. Excess tax benefits must be shown in both the statement of shareholders' equity and the statement of cash flows.
The doctrine of ________ holds that even though the plaintiff was negligent, he or she can still recover if it can be shown that the defendant had the final opportunity to avoid the harm.
A. comparative negligence B. last clear chance C. negligence per se D. strict liability
BlueStainless Corp. has been able to gain and sustain a competitive advantage due to its strong relationship with its employees, customers, suppliers, and local communities. The company believes in lifetime employment and ensures that its employees grow along with the company. Investors are more than satisfied with the returns on their investments. Also, 3 percent of the company's profit is spent on community development. With initiatives like these, customers feel privileged to associate themselves with BlueStainless products. This scenario best illustrates the implementation of a
A. wild card event. B. black swan event. C. stakeholder strategy. D. strategic analysis.