Jo is a well paid lawyer who loves new technology and always has to be the first to own the latest music player or phone. According to Rodgers’ model, which category of adopter best describes Jo?
a. innovator
b. early adopter
c. early majority
d. late majority
e. laggard
a. innovator
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The number of shares issued less the number of shares held as treasury stock are ______________________________
Fill in the blank(s) with correct word
Which of the following statements is false regarding how the cash flow effects of the changes in the equipment and accumulated depreciation accounts would be reported on a statement of cash flows if the indirect method is used to prepare the operating activities section?
A) Cash proceeds from the sale of the equipment would be reported as a cash inflow in the investing activities section. B) The cash paid to purchase equipment would be reported as a cash outflow in the investing activities section. C) Depreciation expense would be added to net income in the operating activities section. D) A loss on the sale of the equipment would be subtracted from net income in the operating activities section.
Since the 1930s, state courts have expanded the freedom-to-contract doctrine
Indicate whether the statement is true or false
Mrs. Smith is moving out of her personal residence to a smaller apartment. Because of this, she
wishes to sell her piano. George inspects her piano and decides to buy it. Mrs. Smith receives her money and tells George he can take the piano right now. George says he needs to borrow his friend's truck before he can remove the piano. That night, the piano is destroyed by fire. George sues to recover his money. Which best describes this situation? A) Mrs. Smith wins. The risk of loss passed to George when Mrs. Smith said he could take the piano. B) George wins. The risk of loss does not pass until George receives a negotiable warehouse receipt. C) Mrs. Smith wins. The risk of loss passed to George as soon as the contract was made. D) George wins. The risk of loss does not pass until George takes delivery of the piano.