TSCA includes provisions that:
A) regulate the manufacture of new chemicals.
B) allow for the registration of pesticides.
C) require that exports be labeled "not registered for use in the United States of America."
D) All of these.
A
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Target Corporation and Bark Company (forest products companies) need additional pulp-processing capacity. Each firm could borrow the needed funds and build its own manufacturing plant. Instead, they form a joint venture to build a pulp-processing plant. Each firm agrees to use half of the new plant's capacity each year for 20 years and to pay half of all operating and debt service costs. The
joint venture uses the purchase commitments of Target Corporation and Bark Company to obtain a loan to build the facility. The firms structure the arrangement so that neither firm controls the joint venture. The lender requires both firms to guarantee payment of the loan in case the joint venture defaults, Which of the following is/are true? a. Under both U.S. GAAP and IFRS, the guarantors would recognize the fair value of the guarantee when they signed the loan. b. If it becomes probable that the joint venture will default, then the guarantor would apply loss contingency accounting (U.S. GAAP) and recognize a liability. c. If it becomes probable that the joint venture will default, then the guarantor would apply provision accounting (IFRS) and recognize a liability. d. all of the above e. none of the above
Cartier, an accountant, convinces his client Bianca to sign a contract to invest her savings in a nonexistent social-networking Web site. When Bianca learns the truth, she can
A. impose her own scam on Cartier without liability. B. induce Cartier to give her his other clients' funds without recourse. C. rescind the contract to invest in the Web site. D. sabotage Cartier's career in any way possible.
Which of the following are attributes charts?
a. p chart, chart, and u chart b. p chart, X chart, and u chart c. p chart, c chart, and u chart d. p chart, c chart, and R chart
Jackson Advertising Co. had assets of $475,000; liabilities of $275,500; and equity of $199,500. Calculate its debt ratio.
What will be an ideal response?