The Loss on Disposal of Equity Investments is reported in the ________.
A) other income and (expenses) section of the income statement
B) stockholders' equity section of the income statement
C) stockholders' equity section of the balance sheet
D) losses section of the statement of retained earnings
A) other income and (expenses) section of the income statement
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On March 26, 2008, William and his friends Jill and Richard went to Sun High Ski
Resort in Calgary for a day of snowboarding. Only Jill and Richard had any previous experience with snowboarding. The three friends rented snowboards and helmets. They were given a standard form document to sign which stated in very tiny print that the ski resort was not responsible for any personal injuries suffered by them howsoever caused. The three friends signed the document without reading it and no one at the ski resort brought the term to their attention. On his first run down the hill, William collided with an employee of the ski resort who was standing directly in his path. He fell heavily and suffered severe personal injuries. William has brought an action against the ski resort for damages. Which of the following statements is TRUE? A) there is an exclusion clause in the document B) William may recover damages for his injuries C) the court may find that the exclusion clause does not apply D) all of the above E) William cannot get money from the resort because he signed the document
Facilities, factories, and production lines with very large equipment are all classified as
A. accessory equipment. B. permanents. C. installations. D. component parts. E. MRO facilities.
Under the RMBCA, a corporation can act as an incorporator of another corporation
Indicate whether the statement is true or false
Why is it important to accurately depict data?
a. because you can be misled by others’ poor translations of that data b. because you can mislead others with your poor translations of that data c. because you could mislead yourself with your poor translations or that data d. all of the above