Francis drives a delivery truck for weston industries. in the middle of his delivery route, francis stops to have a two-hour lunch with friends twenty miles away. while in the restaurant, francis spills some water and another person falls on it. that person sues weston industries. to determine liability, a court would likely decide that francis was acting:

Agood for which demand increases as income rises is and a good for which demand increases as income falls is

Below are the steps in the measurement process of external transactions. arrange them from first (1) to last (6). event step post transactions to the general ledger. assess whether the transaction results in a debit or credit to account balances. use source documents to identify accounts affected by an external transaction. analyze the impact of the transaction on the accounting equation. prepare a trial balance. record the transaction in a journal using debits and credits.

E11-2 (multiple choice) identify the best answer for each of the following: which of the following statements about internal service fund liabilities is false? internal service funds may report both current and long-term liabilities. internal service funds may not issue bonds for financing purposes. internal service funds may report contingent liabilities. due to other funds would be reported as a current liability