In U.S. v. El Paso Natural Gas, two gas pipeline companies in physically distinct markets, and not in competition, were not allowed to merge because it was possible that in the future they could compete with one another
a. True
b. False
Indicate whether the statement is true or false
True
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When a debtor satisfies a liability by exchanging an asset of lesser value, it records the transfer based on the fair value of the asset and recognizes a loss on the debt restructuring. ?
Indicate whether the statement is true or false
Chuck Olson, age 16, buys a used car from Bobby Duncan Used Cars Center on September 15, 2006. Olson agrees to pay $200 a month for 12 months. A month after the purchase, Olson is involved in an accident that wrecks the car. He immediately calls Duncan Cars and informs them that he is disaffirming the contract. According to traditional common laws, which of the following is most likely to be true?
A. Olson can ask Duncan to pay for the damages as he hasn't made the full payment for the car. B. Olson can successfully press charges and force Duncan to take care of the damages caused to the car. C. Olson has to pay for the damages and then return the car to Duncan. D. Olson does not have a duty to place Duncan in status quo ante.
Which of the following is not an example of typical analytical procedures related to debt obligations?
a. Perform a trend analysis of the balances in notes payable, interest expense, and accrued interest with prior periods, considering known client activities related to debt. b. Calculate the total debt-to-equity ratio and perform a trend analysis with prior periods. c. Calculate the times interest earned ratio and perform a trend analysis with prior periods. d. Calculate the current ratio and perform a trend analysis with prior periods.
Groupthink, as a self-limiting team behavior, is more likely to occur when
A. a team member believes that all team activities are a waste of time due to one or two bad experiences as a team. B. there is a sense of shared responsibility that breeds a feeling of invincibility. C. a person expects a specific task to be done by someone else in a team. D. a team feels pressure to perform with the imminent approach of a deadline.