On a bank reconciliation, outstanding checks are added to the cash balance per the bank statement
a. True
b. False
Indicate whether the statement is true or false
False
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GR8 Skates Company makes and sells a pair of skates to Homer. GR8 fails to exercise "due care" to make the skates safe, and Homer is injured as a result. GR8 is most likely liable for
A. assumption of risk. B. knowledgeable use. C. negligence. D. foreseeable misuse.
Explain the economic significance for the existence of unemployment insurance
What will be an ideal response?
At the end of the meeting, the leader should
a. not waste time summarizing what has been covered b. review assignments and deadlines for future work c. not thank participants because attending meetings is part of their jobs d. not distract participants by mentioning a date for the next meeting
This year, the Suarez Trust generated distributable net income (DNI) of $150,000, two-thirds of which was portfolio income, and the balance of which was exempt interest. Under the terms of the trust, Clara Suarez is to receive an annual income distribution of $30,000. At the discretion of the trustee, additional distributions can be made to Clara or to Clark Suarez III. This year, the trustee’s distributions to Clara totaled $60,000. Clark received $90,000. How much of the trust’s DNI is assigned to Clara?
A. $75,000 B. $60,000 C. $45,000 D. $30,000