Ray was very angry at Mitchell when he lost a bet to him over a hockey game. Ray walked by Mitchell's car and used his keys to put a deep scratch into the side of Mitchell's car. As a result Ray could be liable for
A) trespass
B) negligence
C) conversion
D) inducing breach of contract
E) trespass to goods
E
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Which of the following best describes why publicly-traded corporations follow the practice of having the external auditor appointed by the board of directors or elected by the stockholders?
A. To encourage a policy of rotation of the independent auditors. B. To promote an adversarial relationship between the auditor and the corporation's management. C. To give management more leverage over the auditor's decisions. D. To enhance auditor independence from the management of the corporation.
Exhibit 14-16 Harry's Inc issued a four-year, $75,000, non-interest-bearing note to a customer on January 1, 2016. Harry also agrees to sell inventory to the customer at reduced rates over a five-year period. Sales are to be evenly spread over the five-year period. Harry's incremental interest rate is 8%, and the present value of the note is $55,125. ? Refer to Exhibit 14-16. Harry's total
liabilities after recording the note have increased by A) $19,875. B) $75,000. C) $55,125. D) $81,000.
Which of the following would not be a source of information for personal financial statements?
a. Broker's statements b. Income tax returns c. Safe deposit box d. Checkbook e. All of the answers would be a source of information.
Which of the following is considered an outdated expression??
A) ?As you requested B) ?As per your request C) ?The enclosed D) ?Sincerely