A question that seeks more information is referred to as a(n)
a. open question.
b. closed question.
c. probing question.
d. inquiring question.
c. probing question.
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Kendrick Company began the current year with the following: Accounts receivable $ 10,000 Allowance for doubtful accounts (800) Net account receivable 9,200 During the current year, the following events occurred: Accounts written off $ 1,200 Sales on account 30,000 Bad debt expense recognized 2,000 At the end of the current year, the company showed a balance in gross accounts receivable (before
the allowance for doubtful accounts) of $16,800. What amount would be shown as an operating cash inflow in the statement of cash flows under the indirect method? a. $21,000 b. $22,000 c. $30,000 d. $28,200
Which of the following is true of third-party beneficiaries?
A) A creditor beneficiary is an unintended beneficiary. B) An intended third-party beneficiary cannot enforce the contract against the promisor. C) An incidental beneficiary cannot sue under other people's contracts. D) Incidental beneficiary is a third party who is benefitted intentionally.
What question do the courts ask in deciding the standard of care to apply?
A) What would an average person in society have done? B) Was it reasonable to foresee the damage that would occur if the act was done? C) What would a reasonable person have done under similar circumstances? D) What would an extremely cautious person have done under the circumstances? E) What would I, the judge or jury, have done in the circumstances?
With reference to #21, the HOA rules are: A) An example of private law
B) An example of agency regulations. C) Unconstitutional. D) None of the above