Which of the following statements is true of an agent taking an opportunity?
A) An agent can legally take an opportunity that is entitled to the principal.
B) A third-party offer to an agent need not be conveyed to the principal.
C) An agent cannot appropriate an offer for himself or herself once the principal rejects it.
D) A principal is permitted to recover a usurped opportunity from an agent.
D
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Indicate whether the statement is true or false
Commonground Collections has been hired to collect past-due medical bills for Lakeview Physicians. List some activities that Commonground may not do pursuant to the FDCPA.
What will be an ideal response?
Leverage occurs when a company's
A) interest payment exceed its rate of return. B) rate of return equals its interest payments. C) rate of return exceeds its interest payments. D) interest payments are made on time.
Accrued revenues:
A. Are listed on the balance sheet as liabilities. B. At the end of one accounting period result in cash receipts in a future period. C. Are recorded at the end of an accounting period because cash has already been received for revenues earned. D. At the end of one accounting period often result in cash payments in the next period. E. Are also called unearned revenues.