Operating Expense: Contracted Services is an example of which type of federal government account? BudgetaryAccountProprietaryAccountA)NoYesB)YesNoC)NoNoD)YesYes
A. A)
B. B)
C. C)
D. D)
Answer: A
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The manager of Mack's Bar sent Olive Outlet an order for 200 cases of olives to be shipped "as soon as possible." The day Olive Outlet receives Mack's order, it ships the olives. Later that day, Mack's manager phones Olive Outlet and tries to revoke his offer. Under these circumstances:
A. Mack's Bar can revoke based on principles of promissory estoppel. B. Mack's Bar can revoke because the acceptance had not been received. C. Mack's Bar cannot revoke because a contract was created when Outlet shipped the olives. D. Mack's Bar cannot revoke, since the olives will spoil if they are shipped back.
Provide a brief definition of each of the following terms.
In the OE/S process, the one input that creates the six outputs of general ledger inventory sales update, sales order notification, bill of lading, completed packing slip, shipping's billing notification, and customer acknowledgment is the ______________________________. ?
Fill in the blank(s) with the appropriate word(s).
In most courts, accountants are subject to liability for negligence only to their clients.
Answer the following statement true (T) or false (F)