Interest is generally stated as a monthly rate
Indicate whether the statement is true or false
FALSE
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Ratification releases the:
A. third party from liability for acts of the principal. B. principal from liability. C. agent from liability. D. principal and the third party from liability.
Which of the following lease conditions would result in a capital lease to the lessee?
A) The lessee will return the property to the lessor at the end of the lease term. B) The lessee obtains enough rights to use the asset and is in substance the owner. C) The leased asset is not capitalized on the balance sheet. D) The lease term is 70% of the property's economic life.
Xavier Co. sold goods with the terms 2/15, n/30. What do these payment terms mean?
What will be an ideal response?
Under the Civil Rights Act of 1991,
a. only victims of racial discrimination can recover compensatory and punitive damages for intentional discrimination. b. victims of intentional racial discrimination are still entitled to receive unlimited compensatory and punitive damages. c. victims of sex discrimination are no longer subject to ceilings on the amount of recoverable punitive damages. d. victims of disability discrimination are not subject to ceilings on the amount of recoverable compensatory damages.