According to the doctrine of strict liability, which of the following parties is strictly liable for injuries caused by a defective product?
A) only the manufacturers of the products
B) only the parties directly involved in the sale of the product to the customer
C) all parties providing services related to the product
D) all parties in the chain of distribution
D
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At the beginning of 20xx, Helms Corporation had 34,000 shares of $10 par value common stock issued and outstanding. During January 20xx, Helms declared and distributed a 10 percent stock dividend. The market value of Helms's stock was $24 throughout the month of January. The entry to be recorded for the declaration of stock dividend is :
a. Stock Dividends 81,600 Common Stock Distributable 34,000 Additional Paid-in Capital 47,600 b. Common Stock Distributable 81,600 Common Stock 81,600 c. Common Stock Distributable 81,600 Common Stock 34,000 Retained Earnings 47,600 d. Stock Dividends 68,000 Cash 68,000
Comment on the change in both the carrying value and the balance of the Unamortized Bond Discount account over the life of a bond issue
Which of the following is/are not true?
a. Revenues from sales of goods or services to customers during a particular period do not necessarily equal cash received from customers during the same period. b. The receipt of cash can precede, coincide with, or follow the recognition of revenue. c. Expenses incurred to generate revenues during a particular period do not necessarily equal cash expended for the goods and services consumed in operations during the same period. d. The expenditure of cash can precede, coincide with, or follow the recognition of expenses. e. The net income for a particular period will likely equal the cash flow from operations for the same period.
Which of the following is true regarding fluctuations in the prices of bonds?
A) When interest rates go up, bond prices go up. B) When interest rates go down, you want to purchase very short-term bonds. C) As interest rates rise, investors demand a higher return on bonds. D) all of the above E) only A and B