When false information is intentionally presented as fact there may be a tort of:
a. battery b. assault
c. intentional misrepresentation
d. unintentional misrepresentation e. intentional equivocating
c
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The obsolescence of long-lived assets is an inherent risk that should be considered by the auditor
a. True b. False Indicate whether the statement is true or false
The ____________________ method calculates cost of goods sold based on the assumption that the first unit of inventory purchased is the first unit sold
Fill in the blank(s) with correct word
Which of the following allows a portion of a copyrighted work to be reproduced for purposes of criticism, comment, and news reporting?
A) Federal Trademark Dilution Act of 1995 B) fair use doctrine C) Lanham Act of 1947 D) Ultramares doctrine
A rock group assigns its payment under a performance contract to the Costume Shop, a business that has supplied the group with outrageous stage outfits, and to which the group owes a great sum of money. This is
a. a valid assignment because of the rule of freedom to contract. b. a valid assignment because this is a simple transfer of the right to receive money. c. an invalid assignment because it increases the burden of the payor. d. an invalid assignment because this is a personal service contract.