Performing or promising to perform what one is already obligated to do is a valid consideration

Indicate whether the statement is true or false


False

Business

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What does Reilly's law of retail gravitation state about the correlation between the size of a trading area and population density?

A. the population density increases when the size of a trading area increases B. the size of a trading area decreases as population density decreases C. the size of a trading area increases as population density decreases D. the population density decreases when the size of a trading area decreases E. the size of a trading area decreases as population density increases

Business

Centralized decision making may prove effective in firms that must respond quickly to fluctuations in customer demand.

Answer the following statement true (T) or false (F)

Business

In certain circumstances, bargains are so oppressive that the courts relieve innocent parties of part or all of their duties

Indicate whether the statement is true or false

Business

On June 14, 2018, Fred City agreed to transfer cash of $52,000 from the general fund to provide permanent financing for a municipal swimming pool that will be viewed as an enterprise fund. The cash was transferred on June 30, 2018.Required:(A) Prepare all the required journal entries and identify the fund in which each entry was recorded for the fund financial statements.(B) Prepare all the required journal entries and identify the type of activity for the government-wide financial statements.

What will be an ideal response?

Business