An employer could be liable for acts of an employee based on negligent hiring

At the end of the fiscal year, Apha Airlines has an outstanding purchase commitment for the purchase of 1 million gallons of jet fuel at a price of $4.60 per gallon for delivery during the coming summer. The company prices its inventory at the lower of cost or market. If the market price for jet fuel at the end of the year is $4.25, how would this situation be reflected in the annual financial statements?

a. Record unrealized gains of $350,000 and disclose the existence of the purchase commitment. b. No impact. c. Record unrealized losses of $350,000 and disclose the existence of the purchase commitment. d. Disclose the existence of the purchase commitment.

A broker negotiated the sale of a farm acting as the seller's agent. If agreed upon, he can be paid a commission in the form of:

A: Assignment of an existing note; B: A check or cash; C: Assignment of a trust deed and note from the sale of the property; D: Any of the above.