Fletcher Reede was interested in purchasing some crack and he went looking for a connection. He found Samantha Cole but before he made the purchase he asked her if she was an undercover police officer. She said no but lied. Fletcher bought the drugs and was arrested. Which of the following is true?
a. Samantha's behavior is entrapment.
b. Fletcher is in serious trouble.
c. Samantha's recidivism negates Fletcher's criminal intent.
d. As Samantha is a cop, she was required to tell Fletcher the truth.
b
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According to the hierarchy-of-effects model, which of the following corresponds to the behavioral stage that a buyer passes through?
A) awareness B) knowledge C) purchase D) preference E) conviction
On January 1, 2019, a company acquired a truck for $100,000. Residual value was estimated to be $20,000. The truck can be driven for 50,000 miles over the next three years. Actual usage of the truck was recorded as 8,640 miles for the first year. Give the journal entry to record depreciation for the first year calculated as per the units-of-production method. (Do not round your intermediate calculations.)
What will be an ideal response?
U.S. GAAP requires firms to disclose which of the following information with respect to derivatives?
a. A description of the firm's risk management strategy and how particular derivatives help accomplish the firm's hedging objectives. b. For fair value and cash flow hedges, firms must disclose the net gain or loss recognized in earnings resulting from the hedge's ineffectiveness. c. For cash flow hedges, firms must describe the transactions or events that will result in reclassifying gains and losses from accumulated other comprehensive income to net income and the estimated amount of such reclassifications during the next 12 months. d. The net amount of gains and losses recognized in earnings because a hedged firm commitment no longer qualifies as a fair value hedge or a hedged forecasted transaction no longer qualifies as a cash flow hedge. e. all of the above
Miriah Inc has 6,000 shares of 5%, $100 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock outstanding at December 31, 2006. What is the annual dividend on the preferred stock?
A) $50 per share B) $30,000 in total C) $300 in total D) $0.50 per share