Which of the following is not a crime as well as a tort?
A. Shoplifting
B. Tax evasion
C. Robbery
D. Murder
Answer: B
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Creighton Corp, a textile manufacturer, reported net income of $258,000 in 2012 . During 2012 Creighton reported a gain of $29,800 from the sale of three used delivery trucks. The gain was included as part of income from continuing operations. Assuming
that the gain is a one-time event and that Creighton has an effective tax rate of 35% calculate Creighton's adjusted net income. Show all of your calculations for credit. In addition, discuss why analysts might make an adjustment of this type.
Pricing of services
a. requires the same approach as pricing of products. b. uses a markup percentage to add the cost of overhead to the direct costs of labor, materials, and parts. c. always requires three pricing computations, one for materials, one for parts, and one for labor. d. is less accurate than pricing of products.
Of the following, which is the most important characteristic or skill for an ECO to possess?
a. having control over internal reporting systems b. having complete authority over managers c. having everyone’s trust d. being a long-term employee of the company
What is a "trigger" and why is it important when planning contingencies?
Fill in the blank(s) with the appropriate word(s).