If you are writing a formal informational report, you should include an abstract
Indicate whether the statement is true or false.
Answer: True
Explanation: Informational reports typically include an abstract — one or two paragraphs that summarize the purpose and main points of the report so that a reader can determine whether the report includes information the reader needs.
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Which one of the following requires intraperiod tax allocation?
A. installment sales for tax purposes and accrued revenue recognition for accounting purposes B. the excess of accelerated depreciation for tax purposes over depreciation for accounting purposes C. interest income on municipal obligations D. prior period adjustments
Getting merchandise floor-ready entails
A. distributing and dispatching. B. selective checking. C. intensive cross-docking. D. vertical supply chain wholesaling. E. ticketing and marking.
What is the option-adjusted spread relative to?
What will be an ideal response?
Criminal Liability. In January 1988, David Ludvigson was hired as chief executive officer of Leopard Enterprises, a group of companies that owned funeral homes and cemeteries in Iowa and sold "pre-need" funeral contracts. Under Iowa law, 80 percent of
the funds obtained under such a contract must be set aside in trust until the death of the person for whose benefit the funds were paid. Shortly after Ludvigson was hired, the firm began having financial difficulties. Ludvigson used money from the funeral contracts to pay operating expenses until the company went bankrupt and was placed in receivership. Ludvigson was charged and found guilty on five counts of second-degree theft stemming from the misappropriation of these funds. He appealed, alleging, among other things, that he was not guilty of any crime, because he had not intended to permanently deprive any of the clients of their trust funds. Furthermore, because none of the victims whose trust funds were used to cover operating expenses was denied services, no injury was done. Will the court agree with Ludvigson? Explain.