An agent who commits a crime is:
A) always liable
B) only liable if acting in self-interest.
C) only liable if the act is done to advance the interest of the principal.
D) never liable when acting in the role of an agent.
A
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Colfax Corporation had a Retained Earnings balance on January 1, 2009, of $720,000; declared cash dividends during 2009 in the amount of $112,000, of which $30,000 were not paid until 2010; and reported an ending balance of Retained Earnings of $1,020,000 . Based on these facts alone, net income for 2009 for Colfax Corporation must have been
a. $152,000. b. $312,000. c. $382,000. d. $412,000.
A corporation issues for cash $15,000,000 of 8%, 30-year bonds, interest payable annually, at a time when the market rate of interest is 9%. The straight-line method is adopted for the amortization of bond discount or premium. Which of the following statements is true?
A) The amount of annual interest paid to bondholders remains the same over the life of the bonds. B) The amount of annual interest expense decreases as the bonds approach maturity. C) The amount of annual interest paid to bondholders increases over the 30-year life of the bonds. D) The carrying amount decreases from its amount at issuance date to $15,000,000 at maturity.
Which of the following is a positive example of an interdependent environment?
a. Leaders and employees pitching into complete a project by the deadline. b. One or two individuals working overtime to complete a project because no one else officially has the responsibility to help them. c. Both of the above. d. Neither of the above.
Monthly or weekly service schedule is the ______ set of decisions in the hierarchy of operations decision for ______ organizations.
a. last, manufacturing b. first, manufacturing c. last, service d. first, service