Craig is an accountant whose clients include Digby National Corporation. Elbert is Craig's attorney. Working papers that Craig develops when preparing financial reports for Digby are owned by
A. Craig.
B. Digby.
C. Elbert.
D. no one¾the papers must be destroyed immediately after use.
Answer: A
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The entry to record a sales return from a customer would require a(n)
a. decrease to Sales. b. increase to Sales. c. decrease to Sales Returns and Allowances. d. increase to Sales Returns and Allowances.
The second generation of computers, characterized by the use of transistors, came in:
a. 2,000 b.c. b. 1889-1920 c. 1959-1964 d. 1945-1958 e. 1965-1977
ABC operates a factory in the United Kingdom. Because the company’s existing factory doesn’t have the capacity to meet the future demands, it is considering various options. Consider the payoff matrix that shows the payoff for each combination of decision and state of nature. Determine the best alternative using the maximax criterion.
a. Expand current facility.
b. Build small factory.
c. Build large factory.
d. Determine a new alternative.
SmartTalk, Inc, makes and markets cell phones and related accessories. When problems develop with SmartTalk products or sales, the company may be liable in product liability for any of the following except A) a manufacturing defect
B) a design defect. C) an inadequate warning. D) an ineffective marketing plan.