In a bilateral contract, a party who makes a promise that benefits a third party is a promisor.
Answer the following statement true (T) or false (F)
True
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Trevor went to the store to get a new pair of running shoes but the store was temporarily out of the brand he normally buys. What is the term for this situation?
A. a stockout B. a backorder C. derived demand D. cognitive dissonance
The FCPA does not make which of the following acts criminal?
A) Giving money to a foreign political candidate B) Giving a gift of clothing to a foreign political official C) Giving money as a means of preventing action from being taken D) Giving a payment for facilitation
A small-cap fund focuses on firms that are relatively small and its investment objectives somewhat overlap capital appreciation funds
Indicate whether the statement is true or false.
Kilduff Corporation's balance sheet and income statement appear below:Comparative Balance Sheet Ending BalanceBeginning BalanceAssets: Cash and cash equivalents$36 $38 Accounts receivable 36 32 Inventory 49 55 Property, plant and equipment 707 580 Less accumulated depreciation 316 315 Total assets$ 512 $ 390 Liabilities and stockholders' equity: Accounts payable$71 $64 Accrued liabilities 22 19 Income taxes payable 34 41 Bonds payable 71 100 Common stock 32 30 Retained earnings 282 136 Total liabilities and stockholders' equity$ 512 $ 390 Income StatementSales$ 1,174Cost of goods sold 771Gross margin403Selling and administrative expense 146Net operating income257Gain on sale of plant and equipment
14Income before taxes271Income taxes 81Net income$ 190The company sold equipment for $19 that was originally purchased for $10 and that had accumulated depreciation of $5. The company paid a cash dividend of $44 and it did not issue any bonds payable or repurchase any of its own common stock.The net cash provided by (used in) operating activities for the year was: A. $231 B. $187 C. $257 D. $201