Which of the following is a judicial lien?
A) foreclosure
B) injunction
C) contract
D) attachment
D
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General-purpose applications are available as _____; that is, they come ready to install from an external storage medium such as a CD or a file downloaded from a vendor's website.
Fill in the blank(s) with the appropriate word(s).
Which of the following will NOT understate liabilities?
a. Understate accounts payable b. Understate accrued liabilities c. Recognize earned revenue as unearned revenue d. Underrecord future obligations
Peter Dementas helped Jack Tallas with numerous personal and business chores towards the end of his life. Two months before his death, Tallas dictated a memorandum to Dementas, in Greek, stating: PETER K. DEMENTAS is my best friend I have in this country, ... he treats me like a father and I think of him as my own son. ...For all the services Peter has given me all these years, I owe to him the
amount of $50,000 (Fifty Thousand Dollars). I will shortly change my will to include him as my heir. Tallas signed the memorandum, but he did not in fact alter his will to include Dementas. This was a real case. The Utah appeals court would rule: a. there was no consideration to support Tallas's promise. b. there is a "moral obligation" exception to the requirement of consideration, and therefore Tallas's promise was supported by consideration. c. because Utah does not recognize the "moral obligation" exception to the requirement of consideration, Dementas prevails. d. the trial court's finding that the services rendered by Dementas to Tallas were performed gratuitously was erroneous.
The discount factor used to obtain the present value of money in the next period where k represents the rate of return is
A) k. B) 1 + k. C) 1/(1 + k). D) k /(1 + k).