When a party to a contract does not perform as required, there is:
a. a failure to perform
b. a breach of contract
c. a breach of trust
d. a failure of contract
e. a rescinding of the contract
b
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If a leader and follower share similar interests and even spend some time together outside of the work organization, this could lead to a(n) ______.
a. economic or productivity exchange b. tangible exchange c. in-group relationship d. out-group relationship
Emily Holmes owns and operates a large antique shop. She uses the specific identification method to account for transactions that affect inventory. Holmes recently completed a physical inventory of the merchandise in her shop as part of her year-end
work. Today, her accountant called to inform her that it would be necessary to adjust the inventory figure shown on the balance sheet, which will increase Holme's tax liability. Holmes argued that the inventory had to be correct, because she counted it twice and matched every item to an invoice. Cite reasons why the accountant would find it necessary to adjust the inventory even if Holme's count is accurate.
Of the valuation systems discussed in your text, which one is purely theoretical, with virtually no operable practicability on a statement-wide basis?
a. Current value b. Discounted cash flows c. General price-level adjustment d. Historical cost
Issuing stocks in foreign markets
A. extends the firm's investor pool and often reduces cost of capital. B. causes currency problems. C. influences local legal systems, in the case of prosecution. D. supports international debt markets.