Rodriguez and Compton asked a court for reformation of their contract based on a mutual mistake. They seek an equitable remedy
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following is least likely to satisfy the audience's informational needs?
A) Accurate information B) Ethical information C) Pertinent information D) Quality information E) Background information
Lexington Company engaged in the following transactions during Year 1, its first year in operation: (Assume all transactions are cash transactions.) 1. Acquired $4100 cash from issuing common stock. 2. Borrowed $2750 from a bank. 3. Earned $3650 of revenues. 4. Incurred $2510 in expenses. 5. Paid dividends of $510. Lexington Company engaged in the following transactions during Year 2: (Assume all transactions are cash transactions.) 1. Acquired an additional $1050 cash from the issue of common stock. 2. Repaid $1685 of its debt to the bank. 3. Earned revenues, $5050. 4. Incurred expenses of $2970. 5. Paid dividends of $1300. What was the amount of liabilities on Lexington's balance sheet at the end of Year 2?
A. $790. B. ($1685). C. $1050. D. $1065.
The social forces in the environment include the ________ of the population and its culture.
A. cohorts B. social classes C. demographic characteristics D. living standards E. ethics
Unscheduled claims are not dischargeable in bankruptcy
Indicate whether the statement is true or false