A unilateral contract is an exchange of a promise for an act
Indicate whether the statement is true or false
TRUE
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A company can use comparisons of its financial data to the data of other companies and industry averages to evaluate its position
a. True b. False Indicate whether the statement is true or false
A liability for dividends exists:
A. On the date of payment. B. For dividends in arrears on cumulative preferred stock. C. On the date of record. D. When cumulative preferred stock is sold. E. On the date of declaration.
Which of the following is a way to "soften the blow" of bad news?
A) Making the bad news vague B) Positioning bad news ahead of good news C) Subordinating the bad news D) Using negative language E) Placing the blame on the audience
Unrealized Gain (Loss) on Available-for-Sale Investments is disclosed in which financial statement?
a. statement of cash flows b. income statement c. accounts receivable report d. balance sheet