When a party expressly declares before the time for performance arrives that the contract will not be performed, such a declaration is called an anticipatory repudiation
Indicate whether the statement is true or false
True
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Corporate restructuring strategies
A. focus on crafting initiatives to restore a diversified company's money-losing businesses to profitability. B. involve making major changes in a diversified company's business lineup, divesting some businesses and/or acquiring others, so as to put a whole new face on the company's business lineup. C. entail reducing the scope of diversification to a smaller number of businesses. D. focus on broadening the scope of diversification to include a larger number of businesses and boosting the company's growth and profitability. E. entail selling off marginal businesses to free up resources for redeployment to the remaining businesses.
The following data relate to Rocket Company for the year ended December 31, 2012 . Rocket Company uses the cash basis. Sales on credit $180,000 Cost of inventory sold on credit 130,000 Collections from customers 170,000 Purchase of inventory on credit 140,000 Payment for purchases 150,000 Selling expenses (accrual basis) 20,000 Payment for selling expenses 25,000 Which of the following amounts
represents income for Rocket Company for the year ended December 31, 2012? a. $30,000 b. $5,000 loss c. $40,000 d. $45,000 e. $50,000
On a statement of cash flows prepared using the direct method, cash received from selling merchandise is considered a ________.
A) cash inflow from investing activities B) cash inflow from operating activities C) cash outflow from financing activities D) cash outflow from investing activities
The job performance of persons with disabilities tends to be lower than the performance of persons without disabilities
Indicate whether the statement is true or false.