An oral agreement to purchase a neighbor's bicycle for $250 is a(n) ________ contract.

A. void
B. voidable
C. implied
D. express


Answer: D

Business

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The auditor compares the total likely misstatements to each significant segment of the financial statements, such as total current assets, total noncurrent assets, total current liabilities, total noncurrent liabilities, owners' equity, and pretax income, to determine if they are, in aggregate, material to the financial statements

a. True b. False Indicate whether the statement is true or false

Business

Morgan Company issues 9%, 20-year bonds with a par value of $750,000 that pay interest semiannually. The amount paid to the bondholders for each semiannual interest payment is.

A. $33,750. B. $375,000. C. $60,000. D. $67,500. E. $30,000.

Business

Which sentence expresses numbers correctly?

A) After we received 52 customer phone calls, we identified 3 primary concerns. B) After we received 52 customer phone calls, we identified three primary concerns. C) After we received fifty-two customer phone calls, we identified three primary concerns.

Business

Describe methodology

What will be an ideal response?

Business