A promise to do what one already has a legal duty to do is legally sufficient consideration.
Answer the following statement true (T) or false (F)
False
You might also like to view...
Why is it important to have an understanding of stress in the workplace?
What will be an ideal response?
Kater Company manufactures shelving units. The company receives pre-cut wood, drills holes in the wood so that movable shelves may be installed, then assembles and paint the units. Classify each of the following items of factory overhead as either fixed or variable cost
a. Janitorial service (an outside service, not company employees) b. Supervisor of the Drilling Department c. Oil used to lubricate drill press machines d. Propane for forklift trucks used to move the material from the Drilling Department to the Assembly Department e. Natural gas used to heat the plant f. Security guard g. Drill bits used in the drilling department h. Insurance on factory building i. Electricity to power drill press machines j. Rent of factory building
Purchaser Corporation acquires 30% of the outstanding voting common shares of the Investee Corporation for $600,000 . Purchaser Corporation acquires the investment in Investee Corporation by buying previously issued shares of Investee Corporation from other investors. Investee Corporation's other comprehensive income during the first period is as follows: Unrealized Holding Gains from Marketable
Securities. . .$ 3,000 Unrealized Losses from Cash Flow Hedges . . . . . . . . . . (2,000) Other Comprehensive Income. . . . . . . . . . . . . . . . . . . . $ 1,000 Purchaser Corporation would make the following entry to recognize its share of the items of other comprehensive income of Investee Corporation: a. Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 300 Realized Holding Losses from Cash Flow Hedges (Other Comprehensive Income) . . . . . . . . . . . . . . . . . . . 600 Realized Holding Gains from Marketable Securities (Other Comprehensive Income) . . . . . . . . . . . . . . . . . . . . . . .900 b. Investment in Stock of Investee Corporation . . . . . . . . . . 300 Realized Holding Losses from Cash Flow Hedges (Other Comprehensive Income) . . . . . . . . . . . . . . . . . . . 600 Realized Holding Gains from Marketable Securities (Other Comprehensive Income) . . . . . . . . . . . . . . . . . . . . . . .900 c. Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 300 Unrealized Holding Losses from Cash Flow Hedges (Other Comprehensive Income) . . . . . . . . . . . . . . . . . . . 600 Unrealized Holding Gains from Marketable Securities (Other Comprehensive Income) . . . . . . . . . . . . . . . . . . . . . . .900 d. Investment in Stock of Investee Corporation . . . . . . . . . . 300 Unrealized Holding Losses from Cash Flow Hedges (Other Comprehensive Income) . . . . . . . . . . . . . . . . . . . 600 Unrealized Holding Gains from Marketable Securities (Other Comprehensive Income) . . . . . . . . . . . . . . . . . . . . . . .900 e. none of the above
The environment in which negotiations take place usually consists of all of the following except
a. assertive behavior by the visiting party. b. control and responsibility of hosting the other party. c. assertive behavior by the host. d. the host has a feeling of superiority.