In which of the following situations does the agent have no liability to third parties?
A) A contract entered into with express authority and a fully disclosed principal
B) A contract entered into with no authority but later ratified in full by the principal
C) A contract entered into for a corporation before the corporation was formed but with full knowledge and support of the incorporators
D) The agent has no liability in any of the above.
A
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A government's Statement of Revenues, Expenditures, and Changes in Fund Balances reflected proceeds of bonds in the amount of $1,000,000. That statement also reflected expenditures for debt service in the amount of $3,000,000, including $2,600,000 for principal payments. Assuming no other changes, the effect, when moving from the change in fund balances in the governmental funds Statement of Revenues, Expenditures, and Changes in Fund Balances to the change in Net Position for governmental activities in the Statement of Activities would be a:
A. $1,600,000 decrease. B. $1,600,000 increase. C. $1,000,000 decrease. D. $1,000,000 increase.
The European Union does not view privacy as a fundamental right of its citizens and the EU's policies toward privacy are limited
a. True b. False Indicate whether the statement is true or false
The gains and losses on the sale of equipment under the direct method would be reported:
A) in the investing section of the cash flow statement. B) in the operating section of the cash flow statement. C) in the financing section of the cash flow statement. D) they are not reported on the cash flow statement.
Explain how a business analysis is carried out
What will be an ideal response?