A(n) ________ occurs when one person agrees to answer for the debts or duties of another person
A) main purpose exception
B) mortgage
C) guaranty contract
D) implied integration
C
You might also like to view...
Audit firm culture is one of the primary drivers of audit quality
a. True b. False Indicate whether the statement is true or false
Perception refers to
A. a person's consistent behaviors or responses to recurring situations. B. seeing or hearing messages without being aware of them. C. the way people see themselves and the way they believe others see them. D. the process by which an individual selects, organizes, and interprets information to create a meaningful picture of the world. E. a learned predisposition to respond to an object or class of objects in a consistently favorable or unfavorable way.
Wesley Electronics Inc. manufactures electronic gadgets such as cell phones, computers, and laptops. To let people know about the products offered, the marketing managers of Wesley Electronics Inc. spend a great deal of money on advertising
They employed various methods of advertising such as print, television, and online advertising. Given this information, Wesley Electronics Inc. is in which step of market segmentation? a. Selecting a market category for study b. Designing and implementing marketing mixes c. Profiling and analyzing market segments d. Selecting the segmentation descriptors for a market
A contingency was evaluated at year-end and considered to have a reasonable possibility of becoming an actual liability. If this was not reported in the notes to the financial statements, what is the effect on the financial reporting of the company?
A) There would be no effect. B) The liabilities on the balance sheet would be understated. C) The information about the transaction would be inadequately disclosed in the notes. D) The net income of the company would be understated.