Service contracts on vehicles usually are wise financial decisions.

Eric, Becky, and Brenda are all licensed medical doctors who form a professional corporation, Dr

Inc., to practice medicine. They are the only shareholders. Eric negligently operates on a patient, George, seriously injuring him. George sues Dr. Inc., Eric, Becky, and Brenda for malpractice. Assuming that the general rules of corporate liability apply, from whom may George recover? A) Eric only B) Nobody C) Dr. Inc. only D) Either Eric or Dr. Inc. E) Either Eric, Dr. Inc., Becky, or Brenda

Generally accepted methods of accounting for a change in accounting principle include

A) restating prior years' financial statements presented for comparative purposes. B) including the cumulative effect of the change in net income. C) prospective changes. D) making a prior-period adjustment.