Examlex
Alpha Corporation owns 100 percent of Beta Company, and Beta owns 80 percent of Gamma, Inc., all of which are domestic corporations. Information for the three companies for the year ending December 31, 2011 follows: What is Gamma's accrual-based income for 2011?
General Duty
An obligation imposed on individuals or organizations to adhere to a standard of reasonable care while performing any acts that could foreseeably harm others.
Intervening Causes
Events that occur after a defendant's negligent act and contribute to a plaintiff's injury, potentially affecting liability and damages.
Superseding Causes
Events or actions that intervene in a chain of causation and prevent an actor from being liable for harm to another.
Harm
Refers to damage or injury that affects someone or something's well-being or functionality.
Q2: The following information pertains to inventory held
Q44: The audit committee of an entity subject
Q50: Perez Company, a Mexican subsidiary of a
Q64: Where can you find exchange rates between
Q73: The goals of the SEC include all
Q76: When a subsidiary is acquired sometime after
Q77: Pell Company acquires 80% of Demers Company
Q83: What term is used to describe a
Q94: Gibson Corp. owned a 90% interest in
Q99: Dotes, Inc. owns 40% of Abner Co.