Firms must disclose in notes to the financial statements the cash flows associated with capital leases and with operating leases for each of the succeeding _____ years and for all years after _____ years in the aggregate
a. two: two
b. three; three
c. four; five
d. five; five
e. six; six
D
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Why can an agent generally not take an opportunity meant for the principal? Is an agent ever permitted to take such an opportunity? Give an example of an agent's violation of the duty of loyalty
What will be an ideal response?
A(n) ________ is a group of products that consumers may use together or perceive as similar in some way.
A. STP B. SBU C. market segment D. promotional service E. product line
Which of the following statements refers to liquidated damages?
A) They are damages in excess of compensatory damages that the court awards for the sole purpose of deterring the defendant and others from doing the same act again. B) They are damages awarded to the party that is injured by a breach of contract but cannot establish actual damages. C) They are damages for nonperformance that are stipulated in a clause in the contract. D) They are damages designed to place the non-breaching party in the position that party would have enjoyed had the terms of the contract been performed.
The service sector makes up approximately what percentage of all jobs in the United States?
A) 12% B) 40% C) 66% D) 85% E) 94%