Tony is given a company car to drive home daily. Tony has an auto accident on his way home one night. His employer:
A) will be liable since Tony was an agent.
B) will be liable through respondeat superior.
C) will not be liable because of the going and coming rule.
D) will be liable unless there is assumption of risk.
C
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On February 5, Kirkland Co. purchased equipment that cost $35,000. The firm paid $5,000 cash and signed a long-term note payable for $30,000. Show the general journal entry to record this transaction.
What will be an ideal response?
What disclosures about marketable securities are required by U.S. GAAP?
Which of the following statements is false?
A) There is no overlap between financial and managerial accounting. B) Managerial accounting sometimes relies on past information. C) Managerial accounting does not need to conform to GAAP D) Financial accounting must conform to GAAP.
In evaluating environmental performance, life cycle assessment (LCA) refers to ______.
a. the environmental impact a product has over the lifetime of the customer b. the environmental impact a product has over the product’s life cycle c. both A and B d. neither A nor B