To be effective, an offer must:
a. be sufficiently definite and certain.
b. be communicated to the offeree.
c. manifest an intent to enter into a contract.
d. All of these.
e. None of these.
d
You might also like to view...
The distinction between public and private rights was established in:
a. Lichter v. United States b. Arizona v. California c. Panama Refining Co. v. Ryan d. Crowell v. Benson
The Rubble-Flintstone Company was started on January 1, Year 1 as a partnership. The initial investments from the two partners were $50,000 from Rubble and $30,000 from Flintstone. During Year 1, Rubble-Flintstone Company earned $70,000 in cash revenue, paid $42,000 in cash expenses and the partners withdrew $5,000 each for their personal use. The partnership agreement calls for equal sharing of net income or loss.Required:Using only the above information, prepare an income statement, a capital statement, and a balance sheet for the Rubble-Flintstone Company.
What will be an ideal response?
Almost all individuals use the cash receipts and disbursements method of accounting.
Answer the following statement true (T) or false (F)
Liquidity is how fast an asset can be converted to cash
Indicate whether the statement is true or false