A contract is unconscionable if
a. both parties are in pari delicto.
b. one party is in pari delicto and the other party is not.
c. it favors one party over another.
d. both parties to a contract are wealthy.
C
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Which of the following sets of factors is needed to calculate depreciation on plant and equipment?
a. The asset's acquisition cost, replacement cost, and its estimated residual value b. The estimated residual value of the asset, its replacement cost, and its market value c. The asset's replacement cost, its estimated life, and its estimated residual value d. The estimated life of the asset, its acquisition cost, and its estimated residual value
During a year, Awesome Company reported income tax expense of $300,000 . The amount of taxes currently payable remained unchanged from the beginning to the end of the year. The deferred tax liability classified as noncurrent that resulted from the use of MACRS for tax purposes and straight-line depreciation for financial reporting purposes, increased from $40,000 at the beginning of the year to
$44,000 at the end of the year. How much cash was paid for income taxes during for the year? a. $256,000 b. $260,000 c. $296,000 d. $206,000
A virtual organization is:
a. Slow in getting things done b. Based on just-in-time principles c. Distributed and loosely defined d. Only found on the Internet
The process of buying, selling, or exchanging products, services, or information via the computer best defines
A) electronic collaboration. B) electronic commerce. C) Tweeting. D) cyber sales.