One of the changes in contract law between the nineteenth century and the twentieth century is that in more recent times:
A) contractual liability, once assumed, can rarely be escaped.
B) contract damages are viewed more narrowly and equitable remedies are no longer available.
C) privity of contract is required.
D) intended third-party beneficiaries may sue in their own right.
D
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When the market interest rate decreases, the bond:
A. price increases. B. maturity period decreases. C. coupon rate decreases. D. current yield increases. E. yield to maturity increases.
The tendency for decision-makers to be influenced by the way a situation or problem is presented to them is known as the ________ bias.
A. overconfidence. B. escalation of commitment bias. C. hindsight. D. availability. E. framing.
On January 1, Year 1, Jones Company issued bonds with a $240,000 face value, a stated rate of interest of 8.5%, and a 5-year term to maturity. The bonds were issued at 99. Interest is payable in cash on December 31st of each year. The company amortizes bond discounts and premiums using the straight-line method.What is the amount of cash outflow from operating activities shown on Jones' statement of cash flows for the year ending December 31, Year 2?
A. $19,920 B. $20,400 C. $20,880 D. $21,360
The accounting procedures for the marketing and administrative costs of manufacturing firms resemble those for merchandising firms
Indicate whether the statement is true or false