The Premium on Bonds Payable account is a(n):
A. Revenue account.
B. Equity account.
C. Adjunct liability account.
D. Contra asset account.
E. Contra revenue account.
Answer: C
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What initial questions are relevant in terms of deciding whether to "take the plunge" into international "waters"; in other words, what are the relevant preliminary inquiries to make in deciding whether to expand internationally?
What will be an ideal response?
The journal entry to record indirect labor costs incurred involves a debit to the ________
A) Manufacturing Overhead account B) Wages Payable account C) Finished Goods Inventory account D) Work-in-Process Inventory account
Driving down the street you stupidly run a red light and hit a car legally going through a green light. You knock that car into a parked car, which knocks a loaded gun out of the parked car that falls on the street and fires a bullet that hits a person walking on the sidewalk. That person sues you in tort for damages. They will probably:
a. win because you were negligent and caused their injury b. win because strict liability would apply to your actions c. win because carrying a loaded gun is dangerous d. lose because there is no proximate cause e. lose because traffic violations may not be the basis for tort actions
Regan has identified alternatives to a work problem. After considering the pros and cons of each option, she has chosen and implemented a solution. What should Regan do next for an effective decision-making process?
A. move on to the next decision B. implement a second solution as a backup C. evaluate the results of the solution D. brainstorm additional alternatives E. reassess the need for the decision