Which of the following is enforceable without consideration?
A) A new promise to pay a debt barred by the statute of limitations.
B) An illusory promise.
C) Under the common law, a promise made to satisfy a preexisting moral obligation.
D) A promise by a father to pay someone for rendering emergency services to his injured son before the father had arrived at the accident scene.
A
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Which of the following is a cognitive decision-making skill or competency?
A. moral courage B. moral sensitivity C. moral reasoning D. exercising business citizenship
Accounting for the day-to-day activities for a partnership or Limited Liability Company is
A) the same as the accounting for any other form of business B) the same as the accounting for a sole proprietorship only C) is not the same as the accounting for any other form of business D) the same as the accounting for a corporation only
Individual behavior that makes a positive overall contribution to an organization is called
A. performance behavior. B. positive inducement. C. motivational behavior. D. organizational citizenship. E. perceptive contribution.
Walloon, Inc. reported taxable income of $1,000,000 in 20X3 and paid federal income taxes of $210,000. The company reported a capital gain from sale of investments of $150,000, which was partially offset by a $40,000 net capital loss carryover from 20X2, resulting in a net capital gain of $110,000 included in taxable income. Compute the company's current E&P for 20X3.
What will be an ideal response?