Which of the following best describes a partially disclosed agency?
A) an agent with multiple principals who do not know each other's identities
B) a transaction in which the third party does not know the identity of the agent
C) a transaction in which the third party knows the agent, not the principal
D) an agent who discloses only the name of his or her principal in a transaction
C
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The second step in the innovation process includes ______.
A. idea generation B. problem development C. identifying advantages and disadvantages related to the idea D. producing and distributing the new product or idea
Polly agrees to buy Quinn's Cycle World store business on the express condition that Ridgeline Credit Union approves the financing. This approval is
a. not a condition. b. acondition precedent. c. aconcurrent condition. d. acondition subsequent.
A plant patent for new forms of plants and hybrids lasts for how long?
A) 14 years B) 17 years C) 20 years D) 70 years
After preparing an (unadjusted) trial balance at year-end, R. Chang of Chang Window Company discovered the following errors:1. Cash payment of the $225 telephone bill for December was recorded twice.2. Cash payment of a note payable was recorded as a debit to Cash and a debit to Notes Payable for $1,000.3. A $900 cash withdrawal by the owner was recorded to the correct accounts as $90.4. An additional investment of $5,000 cash by the owner was recorded as a debit to R, Chang, Capital and a credit to Cash.5. A credit purchase of office equipment for $1,800 was recorded as a debit to the Office Equipment account with no offsetting credit entry. Using the form below, indicate whether the error would cause the trial balance to be out of balance by placing an X in either the yes or no
column. ErrorYes?No1.???2.???3.???4.???5.??? What will be an ideal response?