Defalcation is the material altering of anything in writing that, if genuine, might be the foundation of a legal liability
Indicate whether the statement is true or false
FALSE
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An accountant is uncertain about the best estimate of an amount for a business transaction. If two amounts are about equally likely, the amount least likely to overstate assets and income is selected. Which of the following qualities is characterized by this action?
a. Comparability b. Conservatism c. Materiality d. Neutrality
For a linear programming problem with the constraints 2X + 4Y ? 100 and 1X + 8Y ? 100, two of its corner points are (0, 0 ) and (0, 25 )
Indicate whether the statement is true or false
Use this earned schedule table to determine the schedule performance index (t) for this project at the end of Month 6
Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 PV ($) $125 $275 $500 $875 $1,485 $2,325 $2,670 EV ($) $50 $120 $255 $420 $715 $865 $0 A) 0.71 B) 0.54 C) 0.38 D) 0.21
Free-Flo Pipes & Plumbing Corporation is a private employer in¬volved in an employment discrimination suit under the Civil Rights Act of 1964. Punitive damages may be recovered against Free-Flo only if the employer
a. acted with malice or reckless indifference. b. can easily afford to pay the amount. c. has one hundred or more employees. d. consents.