The term ________ refers to any oral or written words outside the four corners of a written contract.
A. concurrent condition
B. parol evidence
C. merger clause
D. implied condition
Answer: B
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Which of the following methods of reporting comprehensive income is preferred by the FASB?
a. Reporting comprehensive income in a combined statement of financial performance b. Reporting comprehensive income in a separate statement of comprehensive income which would begin with net income c. Reporting comprehensive income within a statement of changes in equity d. Not reporting comprehensive income
What do an online travel agency, a limousine service, and a railroad have in common?
A. They are all people-based services. B. None of them has a problem with idle production capacity. C. They are all strictly tangible services. D. They all require skilled operators. E. They are all equipment-based services.
The capital budgeting techniques presented by the author in chapter 8 are quantitative assessment tools to determine whether a firm should proceed with an investment in a project
Indicate whether the statement is true or false
Seidell Corporation has two service departments, Administrative and Facilities, and two operating departments, Assembly and Customer Solutions. Service Department Operating Department AdministrativeFacilities AssemblyCustomer SolutionsDepartmental costs$43,560$54,720 $561,960$253,030Employee hours4,0002,000 27,00017,000Space occupied1,0002,000 37,0001,000? ?The company uses the direct method to allocate service department costs to operating departments. Administrative costs are allocated on the basis of employee hours and Facilities costs are allocated on the basis of space occupied.? ?The total Customer Solutions Department cost after the allocations of service department costs is closest to:
A. $270,593 B. $271,300 C. $254,470 D. $269,175