When a provision in a contract is unclear by accident, it is a case of
A)vagueness
B)mistake.
C)ambiguity.
D)condition.
C
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Under the_____________method, an increase in inventory is shown as an adjustment to net income in the operating activities category of the cash flow statement
Fill in the blank(s) with correct word
Management's choice to use LIFO or FIFO can make a financial analyst's efforts to compare companies difficult. The financial analyst's job is made easier because of the
A) requirement that the financial statements and tax return must use the same inventory valuation methodology B) fact that most companies in an industry use the specific identification method C) use of the weighted average method D) disclosure of the LIFO reserve
Complete the following statements
A traditional income statement classifies costs by ________; that is, costs are classified as either ________ costs or ________ costs. A contribution margin income statement classifies costs by ________; that is, costs are classified as either ________ costs or ________ costs. What will be an ideal response
What is the purpose of the Truth-in-Lending Act? What does it provide regarding the liability of credit cardholders for unauthorized charges when a card is lost or stolen?