Express voluntary assumption of the risk is a defense to an action based upon strict liability
a. True
b. False
Indicate whether the statement is true or false
True
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Which provisions of the Sarbanes-Oxley Act have the most impact on corporate governance and boards?
What will be an ideal response?
Liquid assets include
A. accounts payable. B. equipment. C. working capital. D. office supplies.
A manager should use a "persuading" style under which of these circumstances?
a. The employee is both willing and able to perform a particular task independently with no input or follow-up needed or wanted from the manager. b. The employee is proficient at a particular task, but is still dependent on the manager for psychological support. c. The employee still needs technical support and follow-up, but is gaining in ability and motivation. d. The employee is not willing and able to do a particular task independently.
During 2019, a company purchased a mine at a cost of $4,371,000. The company spent an additional $770,000 getting the mine ready for its intended use. It is estimated that 470,000 tons of mineral can be removed from the mine and the residual value of the mine will be $770,000. During 2019, 62,000 tons of mineral were removed from the mine and 52,000 tons were sold.Which of the following statements is correct with respect to the accounting for the mine? (Do not round your intermediate calculations.)
A. The 2019 cost of goods sold was $483,600. B. The book value of the mine decreased $483,600 during 2019. C. The inventory of minerals was $576,600 at December 31, 2019. D. The 2019 net income decreased $576,600 as a result of the mining during the year.