Affluent Russians can now shop at Versace, Burberry, Bulgari, and other exclusive brands

Indicate whether the statement is true or false


TRUE

Business

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Many of our present financial statement figures would be misleading if it were not for the going concern assumption

Indicate whether the statement is true or false

Business

Which of the following types of liabilities do not represent obligations on the firm to transfer assets in the future, but are past transactions being postponed from the income statement until future periods?

a. Deferred credits b. Constructive obligations c. Equitable obligations d. Contingent liabilities

Business

Frank asked his company's employee benefits director if his group health coverage could be converted to individual coverage. The benefits director said, "Yes, you can convert to an individual policy, and the coverage is identical to your group coverage." Frank quit his job and converted to an individual policy. Six months later he filed a claim. He was dismayed to learn the conversion policy was more limited compared to the group coverage, and his claim was denied. What legal doctrine will allow Frank to bring a successful legal action against his former employer because he was financially harmed due to his reasonable reliance upon a representation of fact?

A) adhesion B) waiver C) estoppel D) subrogation

Business

A state law that requires a minor female to notify one or both of her parents that she intends to obtain an abortion (or in the alternative, to obtain court permission for an abortion) is_________ according to the U.S. Supreme Court

Fill in the blank(s) with correct word

Business