Scienter requires more than mere negligence or lack of due care
a. True
b. False
Indicate whether the statement is true or false
True
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A corporation declares a dividend of $0.50 per share on 18,000 shares of common stock. Which of the following is included in the entry to record the declaration?
A) Cash Dividends is debited for $9000. B) Paid-In Capital in Excess of Par—Common is credited for $9000. C) Cash Dividends is credited for $9000. D) Dividends Payable—Common is debited for $9000.
Each step in the hierarchy of effects is more difficult to achieve than the previous step
Indicate whether the statement is true or false
The Consumer Product Safety Commission is a government agency that issues rules, orders, and decisions. The Colorado state legislature enacts statutes. The Washington County Board and the Silver City Council enact or-dinances. Administrative law includes
A) ?all laws that affect a business's operation. B) the rules, orders, and decisions of the Consumer Product Safety Commission. C) statutes enacted by the Colorado state legislature. D) ordinances enacted by the Washington County Board and the Silver City Coun-cil.
The disadvantage of actual cash value coverage of personal property compared to replacement cost coverage is that it
A) will reimburse you for replacement cost minus estimated depreciation. B) will reimburse you for the cash value of a new item. C) must be reported as a loss on your tax return. D) does not have to be reported as a loss on your tax return. E) none of the above.