Under which of the following conditions would a principal or employer be liable for the tort of an agent or employee:
a. the tort was authorized by the principal
b. the tort occurred within the scope of employment c. the tort was not authorized by the principal
d. both a and b are correct
e. none of the other choices are correct
d
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A ________ is a third party who agrees to be liable to pay a loan only if the debtor actually defaults.
Fill in the blank(s) with the appropriate word(s).
All of the following statements regarding inventory shrinkage are true except:
A. Inventory shrinkage can be caused by theft or deterioration. B. Inventory shrinkage is recognized by debiting an operating expense. C. Inventory shrinkage is recognized by debiting Cost of Goods Sold. D. Inventory shrinkage refers to the loss of inventory. E. Inventory shrinkage is determined by comparing a physical count of inventory with recorded inventory amounts.
Acquired in-process research and development (IPR&D) is _____ for tax purposes and results in a(n) _____ effective tax rate
a. never deductible; increased b. never deductible; decreased c. always deductible; increased d. always deductible; decreased e. deductible over a 15 year period; decreased
If a whistleblower successfully brings suit against a company that defrauds the government, the whistleblower can receive 30 percent of the damages awarded to the government
a. True b. False Indicate whether the statement is true or false