If the original agreement was oral, a subsequent oral modification, which brings the resulting contract within the statute of frauds, is binding on and enforceable by the parties
a. True
b. False
Indicate whether the statement is true or false
False
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The key difference between a manufacturing and a merchandising business involves inventory
a. True b. False Indicate whether the statement is true or false
The _____ of the bond is a cost to the firm for using investors' funds.?
A. Coupon rate? B. ?Internal rate of return C. ?Yield to maturity (YTM) D. ?Maturity value E. ?Discount rate
Which of the following are tax-deductible expenses for corporations?
A) Interest expenses B) Preferred stock dividends C) Common stock dividends D) All are tax-deductible for corporations.
All of the following conditions must exist for partnership by estoppel to exist EXCEPT
A. one partner agrees not to share in the profits of the enterprise. B. participants tell other people they are partners even though they are not. C. a third party believes and relies upon the assertion that participants are partners. D. a third party suffers harm because he or she believed a partnership existed.