Esther is upset with her roommate Julio because he refuses to clean up after himself. In a fit of rage, Esther tries to hit him on his head but misses. At the time, Julio is turned away from Esther and is completely unaware that she tried to hit him. Under these circumstances, ________.
A. Esther is liable neither for battery nor assault
B. Esther is liable only for battery
C. Esther is liable only for assault
D. Esther is liable for both battery and assault
Answer: A
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Which of the following account balances is not reported on the balance sheet?
a. Materials Inventory b. Manufacturing Patents c. Cost of Goods Sold d. Work in Process Inventory
Indicate whether each of the following statements is true or false.Estimated cost data must often be used in making decisions because actual cost information is not yet available. Managers often accumulate both estimated and actual cost data for the same cost object. A direct cost must be allocated to a cost object. For a department in a retail store, cost of goods sold is a direct cost. Determining whether a cost is direct or indirect depends on the selection of cost object.
What will be an ideal response?
Annette purchased stock on March 1, 2017, for $200,000 . At December 31, 2017, it was worth $210,000 . She also purchased a bond on September 1, 2017, for $20,000 . At year end, it was worth $15,000 . Determine Annette's realized and recognized gain or loss
As a general rule, the SEC requires push down accounting when the ownership is greater than ___% and objects to push down accounting when the ownership change is less than ___%.
Fill in the blank(s) with the appropriate word(s).