In a suit against Owen over the performance of their contract, Phil obtains specific performance. This is
A. an order to do or to refrain from doing a particular act.
B. an order to perform what was promised.
C. a payment of money or property as compensation.
D. the cancellation of a contract.
Answer: B
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The Retained earnings account has a credit balance of $52,000 before closing entries are made. Total revenues for the period are $70,200, total expenses are $47,300, and dividends are $15,000. What is the correct closing entry for the expense accounts?
A. Credit Expense accounts $47,300; debit Retained earnings $47,300. B. Debit Income Summary $47,300; credit Expense accounts $47,300. C. Debit Income Summary $47,300; credit Retained earnings $47,300. D. Debit Expense accounts $47,300; credit Income Summary $47,300. E. Debit Expense accounts $52,000; credit Retained earnings $52,000.
A(n) ________ controls the flow of information to others in the buying center
A) user B) influencer C) buyer D) decider E) gatekeeper
The cost of new preferred stock is equal to
A) the preferred stock dividend divided by its par value. B) the preferred stock dividend divided by the market price. C) (1 - tax rate) times the preferred stock dividend divided by net price. D) preferred stock dividend divided by the net selling price of preferred.
When do the federal courts have jurisdiction to hear a case? Over what types of cases do the federal courts have concurrent jurisdiction? Over what types of cases do the federal courts have diversity jurisdiction?