Polaris Corporation has made an agreement to ship goods to a foreign firm with whom they have not entered into a contract for three years. However, the firms have communicated regularly since the last sale three years ago
This is an example of an:
A) unaffiliated known party transaction.
B) unaffiliated unknown party transaction.
C) affiliated party transaction.
D) none of the above
Answer: A
You might also like to view...
Saguaro Corporation has total contributed capital of $840,000 and retained earnings of $427,000. It has 1,000 shares of $100 par value preferred stock with no dividends in arrears and 5,000 shares of $100 par value common stock. The preferred stock is callable at 105. The book value of each share of common stock is
A) $225.40. B) $120.40. C) $232.40 D) $253.40.
Which of the following is likely an example of a high contact service?
a. Nail salon b. ATM c. Self-service checkout lane at a grocery store d. Online banking service
Rihanna owns one share of stock in SportBoards Corporation, as evidenced by a stock certificate. Rihanna loses the certificate. Her ownership of the stock is A) forfeited immediately
B) forfeited within ten days of a third party's claim to ownership. C) forfeited within thirty days if she cannot find the certificate. D) not affected.
Forever 21, a clothing company, communicates to its target customers by advertising in magazines, offering clothing information on its website, creating a periodic online newsletter, and using Instagram and Twitter. These vehicles through which the coded message is transmitted from the source, Forever 21, to the receiver, the prospective customer, are called
A. fields of reference. B. decoders. C. encoders. D. relay channels. E. communication channels.