Beginning around 750 B.C.E., the ancient Greeks developed a series of fortified city states called:
A) poleis
B) green cities
C) entrepot
D) cordillera
E) none of the above
Answer: A
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Interperiod tax allocation results in a deferred tax liability from
a. an income item partially recognized for financial purposes but fully recognized for tax purposes in any one year b. the amount of deferred tax consequences attributed to temporary differences that result in net deductible amounts in future years c. an income item fully recognized for tax and financial purposes in any one year d. the amount of deferred tax consequences attributed to temporary differences that result in net taxable amounts in future years
Dave is an agent for Easy Pay Insurance. Easy Pay insures only high-quality applicants. Dave wanted to earn more commissions, so he sold some policies to applicants he knew were below-average risks
When these policyowners started filing claims, Easy Pay tried to deny the claims stating that Dave had not acted appropriately. Which general rule of agency makes Easy Pay responsible for the claims of the higher-than-average risk policyowners? A) There is no presumption of an agency relationship. B) Agents should be compensated based on the quality of the business they generate. C) A principal is responsible for the acts of its agents who are acting within the scope of their authority. D) An agent must have authority to represent the principal.