In an ________ contract, two parties to a contract (the promisor and promisee), either by words, writing, or actions, intend to bring benefits to a third party by virtue of an enforceable contract
A) incidental guarantor
B) intended guarantor
C) incidental beneficiary
D) intended beneficiary
D
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Why might an auditor use a program flowchart?
A company is analyzing its month-end results by comparing it to both static and flexible budgets. During the month, the actual variable costs per unit were lower than the expected variable costs per unit as per the static budget. This difference results in a(n) ________.
A) favorable flexible budget variance for variable costs B) favorable sales volume variance for variable costs C) unfavorable flexible budget variance for variable costs D) unfavorable sales volume variance for variable costs
The current time bucket lies in which time fence?
a. frozen b. slushy c. flexible d. none of these
Trade credit is an example of which of the following sources of financing?
A) discretionary B) permanent C) temporary D) spontaneous