Kelly and Lauren sign a written contract for the sale of Kelly's Koffee Kiosk to Lauren. The parties intend their written contract to be a final statement of the terms of their agreement. Refer to Fact Pattern 15-2.Lauren later disputes some of the
provisions of the deal with Kelly. If the dispute results in litigation, a court will most likely exclude evidence that
A) supports the written terms.
B) contradicts the written terms.
C) duplicates the written terms.
D) ?reinforces the written terms.
Answer: B
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Which of the following is a higher-level need based on the four content theory perspectives?
A. Esteem B. Existence C. Hygiene D. Physiological E. Safety
In reconciling a bank statement, it was discovered that an ATM withdrawal by the owner had not been recorded. He used the cash for personal purposes. The journal entry for this transaction would
a. credit Cash and debit Miscellaneous Expense; b. debit Owner's Expense and credit Drawing; c. debit Owner's Account Receivable and credit Cash; d. debit Drawing and credit Cash; e. debit Owner's Capital and credit Cash.
Socioeconomic and demographic characteristics used to categorize respondents are referred to as ________
A) basic information B) classification information C) problem-solving information D) identification information E) quantification information
Scott Co reported an allowance for doubtful accounts of $28,000 (credit) at December 31 . 2013 . before performing an aging of accounts receivable. As a result of the aging, Scott determined that an estimated $27,000 of the December 31 . 2013 . accounts receivable would prove uncollectible. The adjusting entry required at December 31 . 2013 . would be
a. Doubtful Accounts Expense ........... 27,000 Allowance for Doubtful Accounts ... 27,000 b. Doubtful Accounts Expense ........... 27,000 Accounts Receivable ............... 27,000 c. Allowance for Doubtful Accounts ..... 1,000 Doubtful Accounts Expense ......... 1,000 d. Doubtful Accounts Expense ........... 1,000 Allowance for Doubtful Accounts ... 1,000