The performance of a pre-existing contractual duty which is neither doubtful nor the subject of an honest dispute is legally sufficient consideration to support a second contract
a. True
b. False
Indicate whether the statement is true or false
False
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Accountants argue that which of the following approaches to estimating Allowance for Bad Debts provides a realistic estimate of the net receivables?
a. taking a percentage of net sales b. taking a percentage of revenue c. aging the accounts receivable d. analyzing the sales on account
Which of the following is not a requirement necessary to constitute a perfect order?
A. It must be billed correctly. B. It must include return packaging material in case the product is damaged. C. It must be delivered with the right items in the right quantities. D. It must be delivered on the correct due date. E. It must be delivered to the right place.
Event sponsorship can provide companies with a considerable amount of free media coverage.
Answer the following statement true (T) or false (F)
The legislative branch's primary check on both the judicial and executive branches is the power to:
A) veto executive or judicial decisions. B) approve appointments to the courts and agencies. C) appoint judges and cabinet officials. D) pass laws that establish term limits for the president and judges.