The Rosberg family asked their neighbors, the Lowells, to feed their cat while they are away on a vacation. The Lowells fed the cat as they had been asked to but the cat ran away and never returned
What kind of bailment agreement existed between the Rosbergs and the Lowells?
A) bailment for the sole benefit of the bailee
B) bailment for the sole benefit of the bailor
C) mutual benefit bailment
D) bailment at will
B
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On January 1, Year 1, Needham, Inc., borrowed $10,000 at 6% for four years. The note requires annual payments of $2,886 on December 31 of each year. For each item, select the amount as of or for the Year Ended December 31, Year 1, in the column of the one financial statement where the amount is found. What is Notes Payable?
A. (7,200); Income Statement B. (2,286); Income Statement C. (600); Income Statement D. (300); Income Statement E. (600); Statement of Cash Flows - Operating Activities F. 7,714; Statement of Cash Flows - Operating Activities G. (2,886); Statement of Cash Flows - Financing Activities H. (2,286); Statement of Cash Flows - Financing Activities I. (600); Balance Sheet J. 7,114; Balance Sheet K. 7,714; Balance Sheet
The manufacturer of Meridian yam products spent $25,000 to create an ad that ran in the Thanksgiving issue of a popular cooking magazine. Because it was the originator of the communication process, what is Meridian?
a. a noise filter b. a receiver c. a sender d. a decoder