In most states, where a minor wants to disaffirm a contract and the minor has caused damage to
the consideration received by gross negligence, the minor:
A) Can disaffirm, and owes a duty of restoration to the competent party.
B) Cannot disaffirm.
C) Must pay the reasonable value at the time the contract was entered into.
D) Can disaffirm, and owes a duty of restitution to the competent party.
D
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Under the Federal Unemployment Tax Act, a payroll tax is levied on employers and employees for the purpose of financing the administration cost of the state unemployment compensation program
Indicate whether the statement is true or false
New Orleans Chemicals Company follows the indirect method to prepare its statement of cash flows. Refer to the following portion of the comparative balance? sheet:
A. $93,000
B. $30,000
C. $63,000
D. $2,800
Corporate social responsibility refers to the coordinated actions of government organizations to address the ethical, social, and environmental impacts of business operations.
Answer the following statement true (T) or false (F)
Which of the following must meet certain educational and experience requirements and take a five-part examination established by the National Society of Accountants?
a. public accountants b. private accountants c. certified management accountants (CMA) d. certified public accountants (CPA) e. national bookkeepers