An executory contract is one that
a. is missing some requirement of the law.
b. has not been completely performed by all parties.
c. will not be enforced by a court of law.
d. has been prepared in written form.
B
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According to study of financial statement frauds by the Committee of Sponsoring Organizations (COSO), who is the most common perpetrator of financial statement fraud?
a. Chief Executive Officer b. Chief Financial Officer c. Chief Operating Officer d. Finance Controller
In the states that recognize holographic wills, such wills will be valid if:
A. they are in the handwriting of the testator. B. the material portions in the will are typed. C. they do not evidence testamentary intent. D. they are typed and evidence testamentary intent.
The credit manager is supervised by the _____.
A. treasurer B. inventory manager C. director of capital budgeting D. vice president of finance E. controller
You are scheduled to receive $10,000 in one year. What will be the effect of an increase in the interest rate on the future value of this cash flow?
A) It will cause the future value to fall. B) It will cause the future value to rise. C) It will have no effect on the future value. D) The effect cannot be determined with the information provided.