Charlene Thompson became a new director at the Wind Farm Technology corporation on July 1, 2014. Wind Farm's 10-K was due August 15, 2014. ?Charlene signed the 10-K as a director, but was too overwhelmed to do a complete review of the material prior to signing. However, her signature was necessary for a timely filing. Which of the following statements is true?
A) ?Charlene is not liable for
what is in the document if she did not read it.
B) ?Charlene is not liable for 10-K information because that liability only applies to officers who sign the 10-K.
C) ?Charlene is liable for the information in the 10-K.
D) ?Charlene is not liable because directors have a quarter of a year immunity on public filings by the company.
C
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A company purchased a new delivery van at a cost of $60,000 on July 1. The delivery van is estimated to have a useful life of 6 years and a salvage value of $4800. The company uses the straight-line method of depreciation. How much depreciation expense will be recorded for the van during the first year ended December 31?
A. $4600. B. $9200. C. $5000. D. $5600. E. $6480.
Hamad wants to be seen as a transformational leader. He should focus on ______.
A. training employees B. increasing followers’ intrinsic motivation C. employee discipline D. relationships with colleagues
If the actual direct labor hours spent producing a commodity differ from the standard hours, the variance is termed:
A) time variance B) price variance C) quantity variance D) rate variance
The risk of being acquired by hostile raiders is often referred to as the takeover constraint.
Answer the following statement true (T) or false (F)