A third-party offer to an agent must be conveyed to the principal
Indicate whether the statement is true or false
TRUE
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Which one of the following is an operating activity of a business?
a. Paying for purchases of inventory b. Issuing stock for cash c. Borrowing money from a bank d. Purchasing a manufacturing plant
In any given accounting period, the amount a firm reports as income before income taxes for financial reporting in comparison to the amount of taxable income that appears on its income tax return may differ due to temporary differences. The temporary differences may create a deferred tax asset due to
a. providing for estimated warranty costs in the year a firm sells the warranted product but claiming a tax deduction later, when the firm makes actual expenditures for warranty repairs. b. reporting bad debt expense in the year a firm makes a credit sale, but claiming a tax deduction later, when the firm writes off specific uncollectible accounts. c. interest revenue on municipal bonds. d. choices a and b. e. choices a, b, and c.
In the operations profile on Apple, the phrase putting all its eggs in one basket refers to ______.
a. focusing only on the iPhone as a source of revenues for the company b. contracting with Intel to produce the microprocessor on which iPhone runs c. depending on one supplier to produce the sapphire screen d. relying on one single market for sale of its products
A group of researchers suggest that a reason we become so upset with rudeness is that the behavior violates unwritten laws referred to as social-exchange rules
Indicate whether the statement is true or false.