"Manny Got Out of Bed and Began Doing Calisthenics During

question 132

Multiple Choice

"Manny got out of bed and began doing calisthenics during REM sleep,probably because he was dreaming about boot camp." What is WRONG with this statement?

• A) Sleep is a relaxed condition of the body and, as such, precludes physical activity.
• B) Research shows that no dreaming takes place in REM sleep.
• C) Research shows that we are virtually paralyzed in REM sleep.
• D) Manny was never in boot camp so he is not likely to be dreaming about it.

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Definitions:

Contingent Liabilities

Possible obligations that might arise from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more future events.

U.S. GAAP

Generally Accepted Accounting Principles in the United States, a framework of accounting standards, principles, and procedures.

Current Liabilities

Short-term financial obligations that a company is expected to pay within one year or one operating cycle, whichever is longer.

Working Capital

The difference between a company's current assets and current liabilities, indicating the liquidity levels for operating needs.