Which of the following research and development related costs should be capitalized and depreciated over current and future periods?
a. Research and development general laboratory building which can be put to alternative uses in the future
b. Inventory used for a specific research project
c. Administrative salaries allocated to research and development
d. Research findings purchased from another company to aid a particular research project currently in process
Answer: a. Research and development general laboratory building which can be put to alternative uses in the future
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Which of the following statements is true of the duty of obedience?
A) It bars an agent from acting in a manner that is adverse to the principal's interest. B) It indicates that it is the duty of an agent to keep accurate books that can be viewed by the principal. C) It requires an agent to follow all reasonable and lawful instructions of a principal. D) It mandates that an agent must use reasonable care and skill in performing his or her work.
An employer is liable for the intentional torts of its employee regardless of whether the torts were committed during the scope of employment
Indicate whether the statement is true or false