Defenders of the market-based approach to resolving environmental challenges contend that environmental problems are ________ problems.
Fill in the blank(s) with the appropriate word(s).
economic
Defenders of the market approach contend that environmental problems are economic problems that deserve economic solutions.
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Noncurrent assets are expected to be converted to cash over
a. a month. b. a quarter. c. a half of a year. d. a year. e. a period of time greater than a year.
What is the value of num after the following statement is performed? num = Math.round( 2.45 );
a) 0 b) 2 c) 2.5 d) 3
Accountant's Liability to Third Parties. Toro Co was a major supplier of equipment and credit to Summit Power Equipment Distributors. Toro required audited reports from Summit to evaluate the distributor's financial condition. Summit supplied Toro with
reports prepared by Krouse, Kern & Co, an accounting firm. The reports allegedly contained mistakes and omis-sions regarding Summit's financial condition. According to Toro, it extended and renewed large amounts of credit to Summit in reliance on the audited reports. Summit was unable to repay these amounts, and Toro brought a negligence action against the accounting firm and the indi-vidual accountants. Evidence produced at the trial showed that Krouse knew that the reports it furnished to Summit would be used by Summit to induce Toro to extend credit, but no evidence was produced to show either a contractual relationship between Krouse and Toro or a link be-tween these companies evidencing Krouse's understanding of Toro's actual reliance on the reports. The relevant state law follows the Ultramares rule. What was the result?
Shareholders in Boxer Corporation exchange all of their nonvoting Class B common stock for additional shares of Boxer's Class A common stock. Which of the following statements is correct?
A) If boot is added to the exchange, the entire gain realized on the exchange is recognized in full. B) The exchange is a Type F reorganization, assuming all requirements are met. C) The exchange is tax-free even if no plan of reorganization has been created. D) The basis of the Class A common stock received is equal to its FMV.