In Slater Numismatics v. Driving Force, Driving Force was set up by former employees of a firm Slater worked closely with. Driving Force then move to capture business from a major client of Slater. Slater sued for interference with contractual relations. The appeals court held that Slater had a good cause of action due to acts that went beyond normal competition in business
a. True
b. False
Indicate whether the statement is true or false
True
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Corporate annual reports typically do not contain
a. management discussion and analysis b. an SEC statement expressing an opinion c. accompanying notes d. an auditor's report
What is the normal cardinality between a Customer entity and a Sales order entity? What does it signify? Why is it the only logical cardinality?
Poseidon Marine Stores Company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor. Poseidon uses standard costs to prepare its flexible budget. For the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows:
Direct materials: 4 pounds per unit; $4 per pound Direct labor: 4 hours per unit; $15 per hour Poseidon produced 5000 units during the quarter. At the end of the quarter, an examination of the labor costs records showed that the direct labor cost variance was $6000 F. Which of the following is a logical explanation for this variance? A) The company used fewer labor hours than allowed by the standards. B) The company paid a lower cost per hour for labor than allowed by the standards. C) The company used a lower quantity of direct materials than allowed by the standards. D) The company paid a lower cost for the direct materials than allowed by the standards.
Which one of the following is the authoritative body having the primary responsibility for developing accounting principles in the United States?
A) FASB B) IRS C) SEC D) AICPA