Which of the following is a difference between acceptance and revocation?
A) Revocation is valid only if the offeree receives it, while an offeree's acceptance is valid when dispatched.
B) Revocation can be done by the offeror or offeree, while an acceptance can only be done by the offeree.
C) An acceptance must be received by the offeror to be valid, while a revocation need not be received by the offeree.
D) A revocation can be made after acceptance, while an acceptance cannot be made after revocation.
A
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The text of a proposal
A) must always follow the AIDA plan. B) is usually presented in outline form. C) consists of the introduction, body, and close. D) should be italicized. E) is always organized using the direct approach.
Dividends on cumulative preferred stock do not become a liability of the corporation until they are declared by the board of directors
Indicate whether the statement is true or false
In a statement of cash flows, receipts from sales of property, plant, and equipment would be classified as cash inflows from
a. liquidating activities. b. operating activities. c. investing activities. d. financing activities.
Because it is a necessary financial statement, the work sheet must be prepared according to specified accounting procedures.
Answer the following statement true (T) or false (F)