It is likely that a company has the right to test prospective employees for drug use in a pre-employment screening
a. True
b. False
Indicate whether the statement is true or false
True
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The deferred compensation element of an equity-based deferred compensation arrangement is the amount of compensation cost deferred and amortized (expensed) to future periods as the services are provided
Indicate whether the statement is true or false
The aging of receivables method to estimate the amount of uncollectible accounts for the accounting period is one example of estimating bad debts by focusing on the balance sheet (accounts receivable)
Indicate whether the statement is true or false
In general, if a minor lies about her age in order to induce the seller to contract with her, she cannot disaffirm that contract
a. True b. False Indicate whether the statement is true or false
Jackson owns a business in a foreign country that is considered "friendly" with the U.S. but which has significant political unrest. Jackson is uneasy about the situation in the country. He is concerned that his business could be the subject of a taking by the foreign country or losses due to civil unrest. What advice would you give him?
a. He should seek insurance through the Foreign Insurance Services Company, a privately run insurance company specializing in foreign risk. b. He should do nothing at the present, but seek reimbursement through the U.S. government should losses be incurred. c. He should seek insurance through the Overseas Private Investment Corporation, a U.S. government agency specializing in providing insurance for foreign risk. d. He should sell the company and leave the country because insurance is not available