The courts generally infer an intent to deceive from the fact that the defendant knowingly made a misstatement to a plaintiff who was likely to rely on it.

Answer the following statement true (T) or false (F)


True

Business

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A file or book which contains a record for all accounts used by a company, including the account balance, is called a

a. chart of accounts b. general journal c. general ledger d. trial balance

Business

Greco Co issued ten-year term bonds on January 1, 20x5, with a face value of $1,600,000. The face interest rate is 6 percent and interest is payable semi-annually on June 30 and December 31. The bonds were issued for $1,381,920 to yield an effective annual rate of 8 percent. The effective interest method of amortization is to be used. The carrying value of the bonds payable on the December 31,

20x5, balance sheet date should be A) $1,392,824. B) $1,396,472. C) $1,396,764. D) $1,381,920.

Business

Assuming there is a budget surplus, which of the following accounts are credited when the general fund records its operating budget at the beginning of the year?

A. Appropriations Control and Budgetary Fund Balance-Unassigned. B. Estimated Residual Equity Transfer Out and Estimated Transfer In. C. Estimated Revenues Control and Estimated Residual Equity Transfer Out. D. Budgetary Fund Balance-Assigned For Encumbrances and Expenditures.

Business

MIME is an extension to the ________ framework that is intended to address some of the problems and limitations of the use of SMTP

A. RFC 821 B. RFC 5322 C. RFC 3852 D. RFC 4871

Business