The preexisting rule allows for midstream changes to be enforceable in a contract
Indicate whether the statement is true or false
FALSE
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Record the following events and transactions for Leonard Company for the current year.
1. On January 2, Leonard purchased a patent for $35,000 with a remaining useful life of 10 years. Prepare the journal entry to amortize the patent at the end of the first year. 2. On January 3, Leonard made an advance payment on a leasehold of $840,000. The leasehold expires in 15 years. Prepare the journal entry to amortize the leasehold at the end of the first year. 3. On January 4, Leonard purchased a music distributor's collection of lyrics and songs for $1,425,000. The copyrights have a remaining life of another 30 years. Prepare the journal entry to amortize the copyright at the end of the first year.
When a letter runs two or more pages, a letterhead must be used for all the pages.
Indicate whether the statement is true or false.
Which of the following cultures will empower legal counsel and audit offices to mandate and to monitor conformity with the law and with internal codes?
a. Customer-based culture b. Integrity-based culture c. Values-based culture d. Compliance-based culture
Matrix structure and teams are favored by firms in stable and low technology environments due to the high need for coordination and complex integration mechanisms.
Answer the following statement true (T) or false (F)