An insurance policy is a good example of an express contract
Indicate whether the statement is true or false
T
You might also like to view...
The original six members of the ASEAN (Association of Southeast Asian Nations) included all of the following countries except:
A) Singapore. B) Thailand. C) India. D) Philippines. E) Brunei.
Klein Corp acquired land by issuing its common stock. How should this transaction be disclosed when a statement of cash flows is prepared?
a. In a supplemental schedule of noncash investing and financing activities or in a note. b. The acquisition of land should be reported as an investing activity and the issuance of the stock as a financing activity. c. Using the master T-account approach. d. The transaction does not need to be disclosed.
A finite population correction factor is needed in computing the standard deviation of the sampling distribution of sample means
A. whenever the population is infinite. B. whenever the sample size is more than 5% of the population size. C. whenever the sample size is less than 5% of the population size. D. irrespective of the size of the sample.
Zoe invents "All for One," new business inventory control software, and applies for a patent. If Zoe is granted a patent, it will protect her product
a. for ten years. b. for twenty years. c. for the life of the inventor plus seventy years. d. forever.