What is a good way to mitigate a managerial weakness?
a. recognize and admit the weakness
b. pretend the weakness doesn't exist
c. get help from a therapist
d. all of these
A
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Which of the following statements is true of a quasi contract?
A. A quasi contract does not involve contract-like duties imposed by the court. B. A quasi contract is a legal fiction created by the court to avoid just enrichment. C. A person is not held liable under quasi contract for benefits he or she received unknowingly. D. A person is held liable under quasi contract for benefits he or she reasonably believed were given as a gift.
On July 1, 2017, Jason Company purchased $60,000 of ten-year 6% bonds of Santo, Inc, for $51,850, to be held-to-maturity. Interest is payable semiannually on June 30 and December 31. The effective yield on the investment is 8%. What amount of interest income should Jason record for the six-month period ended December 31, 2017?
A) $2,063.04 B) $2,084.96 C) $2,074.00 D) $2,400.00
The audit report delineates the responsibility of client management and that of the audit firm
a. True b. False Indicate whether the statement is true or false
Standards cannot be used for inventory valuation on financial statements
Indicate whether the statement is true or false