A doctrine to avoid injustice that is used by the courts to bind a promisor to promises that a reasonable person would rely upon without consideration, is called:
a. settlement agreement
b. accord and satisfaction c. unliquidated debt
d. performance contract
e. none of the other choices
e
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According to the revenue recognition principle, revenues are recognized when they are _________________________
Fill in the blank(s) with correct word
Which of the following statements applies to the capital asset pricing model?
a. It assumes that individual securities are priced solely on unsystematic risk. b. It uses beta to represent unsystematic risk of individual securities. c. It assumes that if the rate of return on an individual security is greater than the market average, systematic risk of the security must be smaller. d. It assumes that if beta equals 1, the systematic risk of an individual security is equal to the average risk of the market as a whole.
The statement of cash flows is an optional financial statement
Indicate whether the statement is true or false
The shareholders of the corporation have the absolute right to amend bylaws
Indicate whether the statement is true or false