The ________ rule states that acceptance is effective when it is dispatched, even if it is lost in transmission.
A. silence-as-acceptance
B. mirror image
C. mailbox
D. mutual assent
Answer: C
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What happens to the accounting equation when the adjustment that recognizes accrued interest revenue is recorded?
a. Assets increase and liabilities increase. b. Assets increase and stockholders' equity increases. c. Assets decrease and liabilities decrease. d. Stockholders' equity increases and decreases by the same amount.
In developing a performance plan, a business first translates the objectives of the market share strategy into a revenue plan
Indicate whether the statement is true or false
The ROMI of a campaign is an example of a(n) ________
A) promotion B) marketing metric C) action plan D) situation analysis E) promotional strategy
Indicate with a Yes or No whether or not each of the following accounts would, under normal circumstances, require an adjusting entry. 1 . Cash 2 . Prepaid Expenses 3 . Depreciation Expense 4 . Accounts Payable 5 . Accumulated Depreciation 6 . Equipment