The rule of law imposing vicarious liability upon an innocent principal is known as:
a. contractor liability b. tortious liabilitius
c. there is no such rule as the employee only is responsible d. principal duty
e. none of the other choices are correct
e
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Carpark Services began operations in 20X1 and maintains long-term investments in available-for-sale debt securities. The year-end cost and fair values for its portfolio of these investments follow. The year-end adjusting entry to record the unrealized gain/loss at December 31, 20X1 is: Available-for-Sale debt SecuritiesCost Fair ValueDecember 31, 20X1$250,000 $241,000December 31, 20X2$340,000 $337,000December 31, 20X3$410,000 $415,000
A. Debit Unrealized Loss - Equity $9,000; Credit Fair Value Adjustment - Available-for-Sale (LT) $9,000. B. Debit Fair Value Adjustment - Available-for-Sale (LT) $9,000; Credit Unrealized Loss - Equity $9,000. C. Debit Fair Value Adjustment - Available-for-Sale (LT) $9,000; Credit Unrealized Gain - Equity $9,000. D. Debit Unrealized Loss - Income $9,000; Credit Fair Value Adjustment - Available-for-Sale (ST) $9,000. E. Debit Unrealized Gain- Equity $9,000; Credit Fair Value Adjustment - Available-for-Sale (LT) $9,000.
Altrex Apparels is a manufacturer of textile products in the United States. The company has been incurring losses for a long time now and it hasn't been able to capture much market share. The board of directors meets to decide on future courses of action. Some were of the opinion that the company has the potential to grow and that they can make the company profitable by investing more. Others were of the view that the company should be either sold off or liquidated. Which of the following is most likely to strengthen the idea to sell off the company?
A. The textile industry in the U.S. is a mature market. B. The company's products are characterized by high demands and low returns. C. The company needs external support for product promotion and placement. D. The textile industry is characterized as having high entry barriers.
A hospital's permanent accounting department and customer service department are examples of ________ groups.
A. project B. informal C. task D. functional
The fixed asset turnover ratio is a profitability ratio.
Answer the following statement true (T) or false (F)