In a case of slander, the plaintiff can recover damages without proving any special damages
Indicate whether the statement is true or false
FALSE
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When reading the Cash Inflows from Operating Activities portion of the statement of cash flows using the direct method, you would expect to find which of the following? I. Collections from customers II. Interest and dividends collected III. Other operating receipts IV. Receipts from shareholders ?
A) I B) I and IV C) I, II, and III D) I, II, III, and IV
This question has two parts; be sure to answer both. First, explain McClelland's acquired needs theory. Second, discuss how you would use the model to motivate fellow students on a project team for one of your classes.
What will be an ideal response?
Firms account for leases using either the operating lease method or the capital (finance) lease method. Which of the following is not true?
a. The capital, or finance, lease method treats leases equivalent to installment purchases or sales, where the lessee borrows funds from the lessor to purchase the asset and the lessor recognizes profit at the time of sale. b. The lessor records the leased asset and the lease liability on the balance sheet at the present value of the contractual cash flows at the time of signing the lease. c. The lessee amortizes the leased asset, similar to recognizing depreciation on buildings and equipment. d. The lessee recognizes interest expense on the lease liability, similar to recognizing interest expense on long-term notes or bonds. e. The lessor records the signing of a capital lease the same as if the lessor sold the leased asset for an installment note receivable.
If a physical count of inventory under the perpetual inventory method indicates an overage the Inventory Short and Over account is debited
Indicate whether the statement is true or false