If Valley Bridge contracts with Rainbow Painters to paint a bridge and the contract requires that only Sherwin Williams paint be used, then Sherwin Williams, as third party beneficiary will be able to enforce the contract against either Valley Bridge or Rainbow Painters

a. True
b. False
Indicate whether the statement is true or false


False

Business

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Almost all U.S. companies have used the indirect method of preparing the statement of cash flows:

A. in spite of the FASB's stated preference for the direct method. B. so that stockholders cannot determine how much cash was spent on executives' salaries. C. because most users of the financial statements do not understand the direct method. D. because it usually requires less space in the annual report.

Business

The World Trade Organization (WTO) dispute settlement body is the first body to hear a settlement dispute between member nations

Indicate whether the statement is true or false

Business

On the declaration date, the company:

A. debits Dividends and credits Dividends Payable for the amount of the dividend. B. establishes who will receive the dividend payment. C. debits Dividend Expense and credits Cash for the dividend amount. D. debits Dividends Payable and credits Cash for the dividend amount.

Business

A bottleneck process has the lowest capacity and the longest total time from the start to the finish

Indicate whether the statement is true or false

Business