Which of the following is supported by consideration?
A) written contract
B) gift promise
C) illusory promise
D) preexisting duty
A
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Which of the following types of corporations is owned or operated by a government unit?
A) domestic B) private C) closed D) public
Consideration of fraud in financial statement audits is a relatively new concept derived originally from the Sarbanes-Oxley Act
a. True b. False Indicate whether the statement is true or false
A paragraph lacks unity when it contains sentences or details that are not directly related to the topic
Indicate whether the statement is true or false
Ouelette Corporation's relevant range of activity is 3,000 units to 7,000 units. When it produces and sells 5,000 units, its average costs per unit are as follows: AverageCost per UnitDirect materials$5.25 Direct labor$4.05 Variable manufacturing overhead$1.30 Fixed manufacturing overhead$3.00 Fixed selling expense$0.70 Fixed administrative expense$0.40 Sales commissions$0.50 Variable administrative expense$0.45 If 6,000 units are produced, the total amount of indirect manufacturing cost incurred is closest to:
A. $25,800 B. $15,000 C. $7,800 D. $22,800