Fay is mentally incompetent but has not been so adjudged by a court. Any contract Fay enters into is?
A) voidable if Fay has a lucid interval at the time of contracting.?
B) voidable if Fay lacks the capacity to comprehend the consequences
C) voidable if the other party does not realize that Fay is incompetent.
D) unavoidable.
C
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Harkin Company purchased a building on a tract of land and allocated the entire cost of the purchase to building. Normally it depreciates buildings over 20 years using the straight-line method with zero residual value and does not depreciate land. Because of its accounting treatment of the purchase, Harkin's income before taxes for the next 20 years will be
a. overstated. b. understated. c. unaffected. d. in conformance with GAAP.
Which of the following is not needed to prepare a statement of cash flows?
A. Comparative balance sheets B. A complete income statement C. Statement of Retained Earnings D. Additional data concerning selected accounts that increase and decrease as a result of investing and/or financing activities
Finance and accounting, HRM, and legal issues are examples of which of the following OD consultant competencies?
a. Organizational Behavior b. Training and Development c. Business and Management Knowledge Areas d. General Professional Skills
An informal table and a verbal table must be labeled with a Table number (for example, Table 1)
Indicate whether the statement is true or false