Quinn promises to sell his recreational vehicle (RV) to Sid, who builds a structure behind his house in which to keep it. Quinn's later attempt to renege on the promise is
A. effective if Quinn did not ask Sid to build anything.
B. effective if Quinn wants to sell the RV to someone else.
C. not effective if Sid cannot obtain a similar RV for a similar price.
D. not effective if Sid detrimentally relied on Quinn's promise.
Answer: D
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Cash inflows from investing result from
a. decreases in liabilities. b. increases in liabilities. c. decreases in noncash assets. d. increases in noncash assets.
The contact information on your résumé ________
A) does not require a postal mailing address in this increasingly technological age B) should not include links to your social media sites C) should omit your email address D) should include a phone number that has a professional voice mail greeting E) needs to be all-inclusive: all of your email addresses, permanent and present addresses if applicable, as well as your landline and mobile phone numbers
What is the policy function performed by bodies such as the FASB and the SEC? List and discuss the three sources of inputs to the policy-making function.
What will be an ideal response?
After-dinner speeches are usually delivered when audience members are in a mood for
a. entertainment. b. seriousness. c. reflection. d. a nap.