An amendment to a will is called a(n):
A) stipulated addition.
B) addendum.
C) codicil.
D) allonge.
C
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In July, a company pays three years' insurance in advance. The December 31 adjusting entry is
a. Insurance Expense – Debit; Prepaid Insurance – Credit b. Prepaid Insurance – Debit; Insurance Expense – Credit c. Insurance Expense – Debit; Cash – Credit d. Prepaid Insurance – Debit; Cash – Credit
Which of the following errors will be detected when a trial balance is properly prepared?
a. An amount that was entered in the wrong account b. A transaction that was entered twice c. A transaction that had been omitted d. None of these
Sofia is one of several engineers who specialize in design and are tasked with creating a new product before the end of the fiscal year. Sofia’s group is a ______.
A. crew B. team C. committee D. task force
If Jane persuades Linda to buy her horse by telling Linda that the horse runs "like the wind," then Jane's statement is:
a. fraud. b. misrepresentation. c. a unilateral mistake. d. puffery.