The Johnsons decided to sell their summer cabin on Beech Lake. They sent flyers out to all who previously had expressed an interest in buying the cabin stating that they were planning on selling their cabin. The flyer described the location of the property, the size of the lot, and the price. If one of the recipients responds by sending a letter accepting, an agreement
A) will not be formed
because the flyer was sent out as an invitation to make an offer.
B) will be formed because the first to respond gets the property.
C) will be formed because the price is included.
D) will not be formed because of the parol evidence rule.
A
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Healthy Farmer, Inc. has 46,000 shares of common stock outstanding and 3000 shares of preferred stock outstanding. The common stock is $0.03 par value; the preferred stock is 7% noncumulative with a $100.00 par value. On October 15, 2019, the company declares a total dividend payment of $43,000. What is the total amount of dividends that will be paid to the common stockholders?
A) $43,000 B) $22,000 C) $1380 D) $9000
Crude Oil Exploration Co includes all exploration costs on the balance sheet under Property, Plant, and Equipment. Which accounting method is Crude Oil using to account for exploration costs?
a. All effort basis b. Successful-efforts c. Full determination d. Full-costing
Psychologists point out that an individual's needs may be hierarchical; that is, once one set of needs is met, people seek to satisfy the next set of needs in the hierarchy. Name each of the five levels in the hierarchy in order and give an example of each.
What will be an ideal response?
Generally, each state limits the liability of partners in a limited liability partnership in some way.?
Indicate whether the statement is true or false