With Regard to Hazardous Materials, Canada Has Laws That Require

question 76

Multiple Choice

With regard to hazardous materials, Canada has laws that require:

• A) Employers notify and train employees on the use of hazardous materials.
• B) Employees have the right to refuse handling hazardous materials.
• C) Communities have the right to inform only those who really need to know about the presence of dangerous hazards.
• D) Communities are freed from the requirement of informing inhabitants of the presence of dangerous hazards.

Comprehend the accounting for long-term investments using the cost method.

Distinguish between available-for-sale, held-to-maturity, and trading securities and their impact on net income.

Calculate the correct amount to be shown in the investment account based on dividends received and percentage of ownership.

Identify the relationship and accounting treatment for parent and subsidiary companies.

---

Definitions:

Negligence Case

A legal case involving a failure to behave with the level of care that someone of ordinary prudence would have exercised under the same circumstances, resulting in harm or damage.

Comparative Negligence

A legal principle under which the fault for an accident is divided among all parties involved based on the degree of responsibility of each party.

Pure Comparative

A legal principle of negligence law allowing a plaintiff to recover a percentage of damages even if they are partially at fault, with compensation reduced by their percentage of fault.

Modified Comparative

A legal doctrine used in some jurisdictions for determining damages and liability based on the degree of fault of each party.