Illegal wire tapping is an intrusion into a person's solitude and an example of the tort of:
a. negligence
b. invasion of solitude c. invasion of privacy d. battery
e. false imprisonment
c
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Types of Audit Opinions Aloe Products is an online retailer of lotions and other beauty supplies. The company records revenues at the time that the customer orders are placed on the website, rather than when goods are shipped. Goods are typically
shipped two days after the order is places. The auditor determines that the amount of orders placed but not shipped as of the balance sheet date is not material. REQUIRED: Which type of audit report would you suggest be issued and why?
During the first two years, Supplies, Inc. drove the company truck 15,000 and 22,000 miles, respectively, to deliver merchandise to its customers. The company originally purchased the truck for $175,000. If the truck has an estimated life of 10 years or 300,000 miles, and an estimated residual value of $25,000, what amount of depreciation expense should Supplies, Inc. record in the second year using the activity-based method?
A. $16,000. B. $18,500. C. $7,500. D. $11,000.
The "gross capitalized cost" is supposed to most closely represent
A) the sticker price on the leased car. B) the trade-in value of the leased car. C) the interest payments on the lease. D) the negotiated price for the car.
"Why is the ________ budget for next year 33 percent higher than this year's actual expenses?" asked Alicia Tobin, CEO of Peerless Group. Her CFO, Ben Burroughs, replied, "We need to hire two additional human resources professionals to oversee the new benefits program and an additional attorney to handle claims. Also, our new lease for Building A will go into effect, and that includes an 11 percent increase in the first year." Alicia replied, "Ouch. It's tough to absorb those kinds of increases from parts of our organization that generate no revenue."
A. cost B. maintenance C. master D. cash E. production