Which of the following is correct with regard to a contract entered into with a third person by an agent of an undisclosed principal?
a. The agent has no liability to the third person if the agent has acted within the scope of her authority.
b. The agent is personally liable upon the contract.
c. The undisclosed principal has no liability on the contract, even if her existence and identity are discovered by the third person.
d. If the third party obtains a judgment against the principal and the judgment is satisfied, the agent may still have liability to that third party.
b
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Which statement is false? Current GAAP
A) requires that the cash flows from the issuance of stock be reported as a financing activity and not be included in net cash flow from operating activities. B) does not allow cash flow per share reporting in a company's financial statements. C) states that under the indirect method, a company must report its operating cash inflows separately from its operating cash outflows. D) requires that the cash inflows and cash outflows for related investing activities as well as related financing activities be shown separately and not netted against each other.
Which of the following could be used to increase the tangibility of services and to facilitate prepurchase evaluation?
A) sampling B) comparative advertisements C) image advertising D) print advertising
Under the accounts receivable aging method, the balance in Allowance for Uncollectible Accounts must be considered prior to adjusting for estimated uncollectible accounts
Indicate whether the statement is true or false
Which of the following is not a barrier to entry:
a. Capital b. Manufacturing c. Marketing d. All are potential barriers to entry