Stan Can Be Held Liable for the Conver?sion of Tyler's

question 80

Multiple Choice

Stan can be held liable for the conver?sion of Tyler's business law textbook

• A) if Tyler can prove that the book was in Stan's pos?session when it disappeared.
• B) only if Tyler can prove that Stan was negligent.
• C) only if Tyler can prove that Stan intentionally stole the book.
• D) under no circumstances.

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Definitions:

General Journal

A primary accounting record used to record all types of accounting transactions including both debits and credits.

Ledger

A book or collection of financial accounts.

Trial Balance

A bookkeeping report that lists the balances of all ledgers accounts in order to verify that debits equal credits.

Prepaid Expenses

Upfront costs incurred for items or services that are to be obtained in the upcoming time.