Income distribution studies confirm the belief that income is more evenly distributed in the richer nations.
Answer the following statement true (T) or false (F)
True
Despite the difficulties associated with income distribution studies, such as inconsistent measuring practices and wide variations in the representativeness of samples, the data confirm the belief that, generally, income is more evenly distributed in the richer nations, although there are important variations among both developed and developing nations.
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Contracts that are traditionally required to be in writing by the statute of frauds are:
A. contracts for the transfer of an interest in land. B. contracts for the sale of goods costing less than $500. C. bilateral contracts that have been fully performed by both parties. D. bilateral contracts that are capable of being performed within a year of their formation.
The debit recorded in the journal to reimburse the petty cash fund is to
A) Petty Cash B) Accounts Receivable C) Cash D) various accounts for which the petty cash was disbursed
A(n) ________ refers to an agreement entered into among members that governs the affairs and business of the LLC (limited liability company) and the relations among members, managers, and the LLC
A) certificate of interest B) article of organization C) operating agreement D) agreement of conversion
An oral agreement to purchase a neighbor's bicycle for $250 is a(n) ________ contract.
A. void B. voidable C. implied D. express