If Wabasso Company pays $55,000 in dividends to its corporate investor Lament Corporation (Lament owns 35% of The Wabasso Company), what entry should Lament Corporation record when it receives the dividends?
a. Cash 55,000
Dividend Income 55,000
b. Cash 55,000
Investment Income 55,000
c. Cash 55,000
Investment in Wabasso Company 55,000
d. Cash 55,000
Additional Paid-in Capital 55,000
e. Cash 55,000
Common Stock- Wabasso Company 55,000
C
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Which of the following is true of the parol evidence rule?
A. If the writing in a contract is clearly incomplete, a party can introduce proof of consistent oral terms that "fill the gaps" in the writing. B. Proof of contradicting oral agreements that were made after the writing was created is illegal and not enforceable. C. Oral testimony that attempts to show that a contract is illegal is not allowed. D. If the written terms of a contract are unclear, the party can use this exception to alter the concerned part of the contract.
Hypotheses are educated guesses about the relationships between things or about what will happen in the future.
Answer the following statement true (T) or false (F)
The greatest risk to purchasing online is providing your credit card information to the seller
Indicate whether the statement is true or false
All of the following agreements represent an unreasonable restraint of trade except: A)a combination to create a monopoly
B)an agreement to obtain a "corner" on a market. C) an association of merchants to increase prices. D) a valid restrictive covenant.