Irrelevant costs are costs that vary across alternatives
Indicate whether the statement is true or false
False
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An offeree who makes an inquiry about the terms of the offer has made a counteroffer and has terminated the offer by rejecting it.
Answer the following statement true (T) or false (F)
A method of rating performance in which the rater chooses from statements that appear equally favorable or equally unfavorable is known as the
A. forced-distribution method. B. graphic rating scales. C. behaviorally anchored rating scale D. forced-choice method.
Kier Company issued $440,000 in bonds on January 1, Year 1. The bonds were issued at face value and carried a 3-year term to maturity. The bonds have a 5.50% stated rate of interest and interest is payable in cash on December 31 each year. Based on this information alone, what are the amounts of interest expense and cash flows from operating activities, respectively, that will be reported in the financial statements for the year ending December 31, Year 1?
A. Zero and Zero B. $24,200 and Zero C. Zero and $24,200 D. $24,200 and $24,200
Which of the following is enforceable without consideration?
a. A new promise to pay a debt barred by the statute of limitations. b. An illusory promise. c. A promise to supply all of the materials a manufacturer will need for the production of a certain item for a specified period of time. d. In the majority of states, a promise by a father to pay someone for rendering emergency services to his injured son before the father had arrived at the accident scene.