Principals are liable for negligence caused by an agent during a substantial frolic and detour

Bobcat Farms reported supplies expense of $2 million this year. The supplies account decreased by $200,000 during the year to an ending balance of $400,000. What was the cost of supplies of the Bobcat Farms purchased during the year?

a. $1.6 million b. $1.8 million c. $2.2 million d. $2.4 million

Scholarships and fellowships awarded to degree candidates are not taxable unless they are used for

a. Room and board. b. Books. c. Tuition. d. Supplies required for the course of study.