A contract whose terms are expressed orally or in writing is legally referred to as a(n) ____________________ contract
Fill in the blank(s) with correct word
express
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Wholly-owned extensions of the producer that perform wholesaling activities are referred to as
A. manufacturer's branch or sales offices. B. merchant wholesalers. C. agents and brokers. D. general merchandise wholesalers. E. cash and carry wholesalers.
One disadvantage of a limited partnership is that it is usually difficult to sell your partnership interest
Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
1. An individual buys 200 shares of General Electric Corporation stock. In lieu of receiving quarterly dividends, the individual signs an agreement to have dividends reinvested by GE into additional shares of stock. The individual does not receive dividend checks so he need not recognize the quarterly dividends for tax purposes. 2. Under the accrual method of accounting, income is considered earned when all the events have occurred which fix the right to receive the income and when the amount of income can be determined with reasonable accuracy. 3. An accrual-basis taxpayer receives advance payment for services to be provided over three future years. The taxpayer can recognize the income over the three-year period as services are provided, consistent with its financial statements. 4. Gains realized from property transactions are included in gross income unless a nonrecognition rule applies. 5. Interest on the obligations of the U.S. government, states, territories, and U.S. possessions and their political subdivisions are tax-exempt.
Being informed is considered the most fundamental collaboration purpose because ________
A) individuals can construct different perceptions of the same data B) all the members of a team usually perceive information in the same way C) members will be able to avoid critical feedback D) conflicting ideas can be eliminated