Frank has been chronically late to work for the last two weeks and has given no reason for his tardiness. His immediate supervisor is the logical person to apply the company's disciplinary procedure.
Answer the following statement true (T) or false (F)
True
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Net income was $61,000 for the year. The accumulated depreciation balance increased by $14,000 over the year. There were no sales of fixed assets or changes in noncash current assets or liabilities. Under the indirect method, the cash flow from operations is $47,000
a. True b. False Indicate whether the statement is true or false
Many of today's salespeople are considered professionals due to their product knowledge and customer service.
Answer the following statement true (T) or false (F)
The stockholders' equity section of the December 31, 2014, balance sheet is provided below
Common Stock, $30 par, 20,000 shares issued and outstanding $600,000 Paid-in Capital in Excess of Par--Common Stock 240,000 Retained Earnings 700,000 Stockholders' Equity $1,540,000 Assume that all of the 20,000 shares of stock that was issued as of December 31, 2014, was issued for $42 per share. On March 1, 2015, the company reacquired 4,000 shares of its common stock for $50 per share. Refer to Ladder Distributors. How much should be reported on the company's March 31, 2015, balance sheet for treasury stock? a. $168,000 b. $32,000 c. $128,000 d. $200,000
Nico is a passenger in a car driven by Owen, whose negligence causes an accident, injuring himself. Nico, uninjured, accompanies Owen to Parkside Hospital in an ambulance. The ambulance is hit by a car driven by Quin, injuring Nico. Nico files a suit against Owen, whose best defense is
A. assumption of risk. B. contributory negligence. C. negligence per se. D. superseding cause.