Social media posts are routinely included in discovery in litigation

Indicate whether the statement is true or false


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Business

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The statement of stockholders' equity

a. is one of the required financial statements for the annual report, when changes have occurred in the stockholders' equity accounts. b. shows the changes in retained earnings for the period, which includes the increase or decrease as a result of net income or loss for the period, and dividends for the period. c. includes accounts, such as the retained earnings and common stock accounts, but not changes to the retained earnings account, since those items are reported on the statement of retained earnings. d. is used only if a corporation frequently issues common stock.

Business

Which of the following is/are not true regarding a manufacturing firm?

a. A manufacturing firm incurs costs as it produces goods by changing the physical form of raw materials. b. The product costs for a manufacturing firm are the costs incurred in manufacturing goods for sale. c. The costs to produce finished goods inventory for a manufacturing firm do not become expenses until the firm sells the product. d. Prior to sale, the production costs of a a manufacturing firm represent the transformation of assets from one form into another. e. Product costs for a manufacturing firm are treated as period costs during the period that the inventory is finished and ready for sale.

Business

What dimension of personality is the tendency to engage in behaviors that might have positive or negative outcomes.

a. Risk-taking propensity b. Proactive personality c. Type A and Type B orientation d. Locus of control.

Business

The foreign food test is used to find breaches in the implied warranty of fitness for human consumption

Indicate whether the statement is true or false

Business