An agent makes a contract with a third party on behalf of the disclosed principal. The principal then breaches the contract. The third party may sue the agent to recover damages
a. True
b. False
Indicate whether the statement is true or false
False
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Purchases Returns and Allowances is a contra-revenue account
a. True b. False Indicate whether the statement is true or false
When analyzing the "T" in SWOT analysis, a manager might take note of
A. the firm's cash flow problems. B. a competitor's new product. C. employee absenteeism. D. strong corporate culture. E. high service levels.
Compare and contrast the differences and similarities for preparing a speech to inform and a speech to persuade.
What will be an ideal response?
A gain on the sale of a plant assets should be included in which of the following sections of a statement of cash flows prepared using the indirect method?
a. Investing activities b. Operating activities c. Financing activities d. Non-cash investing and financing activities e. None of these answers is correct.