The law requires that only persons with sufficient intelligence to carry out a principal's orders may be appointed to act as an agent.?
Indicate whether the statement is true or false
False
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Which of the following terms refers to the development of technology and improved products for a
given product market? A) discontinuous innovation B) radical innovation C) continuous innovation D) market penetration E) market development
When a contingency must be accrued under IFRS, the charge is referred to as
A) an endowment. B) a provision. C) an appropriation. D) a risk expense.
Which of the following does not appear on the retained earnings statement?
a. net income; b. cash dividends; c. number of shares issued; d. appropriated retained earnings; e. retained earnings at the beginning of the period.
In a manual payroll system,
a. the same information needs to be recorded several times; b. the total amount credited to Wages and Salaries Expense is less than under an electronic payroll system because the manual system is less expensive; c. accounting for payroll is more efficient than in an electronic payroll system; d. the reported information is more accurate than in an electronic payroll system; e. none of these statements are true.