For an employee at an organization, annual appraisal can be considered as a critical life event that impacts his/her consumption behavior

Saturn Corporation sold inventory costing $32,000 for $45,000 cash. Which of the following statements is true of this transaction?

a. Saturn will record a gain on sale of $13,000 b. inventory decreases by $45,000 c. cost of goods sold increases by $32,000 d. cash increases by $32,000 e. sale of merchandise increases by $32,000

The business judgment rule is a rule that immunizes corporate

A. Management from liability for actions that result in corporate losses or damages if the actions are undertaken in good faith but are not within the power of the corporation or the authority of management to make. B. Management from liability for actions that result in corporate losses or damages if the actions are undertaken in good faith and are within both the power of the corporation and the authority of management to make. C. Shareholders from liability for actions that result in corporate losses or damages if the actions are undertaken in good faith and are within both the power of the corporation and the authority of shareholders to make. D. Shareholders from liability for actions that result in corporate losses or damages if the actions are undertaken in good faith but are not within the power of the corporation or the authority of shareholders to make.