A dispute between riparian rights holders would likely be heard by the
A. federal district court.
B. local water agency.
C. Water Resources Control Board.
D. none of these.
Answer: C. Water Resources Control Board.
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On December 31 of the current year, the unadjusted trial balance of a company using the percent of receivables method to estimate bad debts included the following: sales of $571,500, accounts receivable had a debit balance of $95,250, allowance for doubtful accounts has a credit balance of $921. What amount should be debited to bad debts expense, assuming 6% of outstanding accounts receivable at the end of the current year will be uncollectible?
A. $5,715 B. $6,636 C. $4,794 D. $5,770
Which of these is likely to occur when life or health insurance is being applied for?
A) The Medical Information Bureau (MIB) will determine the risk classification B) The agent is required to report all medical information to the Medical Information Bureau (MIB) C) Physical examinations are required D) Medical history from the insured may be reviewed and reported