In the divorce agreement between Ted and Alice, Alice agreed to assume the debt on Ted's credit card. The credit card company agrees to this arrangement. This is an example of:
a. accord and satisfaction b. novation
c. rescission d. revocation
e. none of the other choices
b
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Which of the following operating activities results in a cash outflow?
a. Paying creditors for merchandise b. Collecting accounts receivable c. Making cash sales d. Receiving deposits recorded as unearned revenue
In terms of merchandise, what is the difference between a classification and a category?
What will be an ideal response?
Berat believes it is morally wrong to pay overseas workers low wages and decides to pay his overseas workers a wage similar to that made by his domestic workers. This example is related to which ethical decision-making approach?
A. utilitarian B. objectivity C. rights D. justice
The Occupational Safety and Health Administration (OSHA) has proposed rules aimed at reducing repetitive-stress injuries. ATC, Inc disagrees with the proposed rules. If ATC, Inc wants to challenge the proposed rules, it must do so in court before the rules become final
a. True b. False Indicate whether the statement is true or false