When the parties to a contract agree that its performance should directly benefit a third person, the third person is an intended third party beneficiary.
Answer the following statement true (T) or false (F)
True
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With the effective interest method of amortization, the amortization of bond discount results in a(n)
a. increase in interest expense. b. decrease of stockholders' equity. c. increase in stockholders' equity. d. decrease in interest expense.
How does egoism sync with the philosophies of Adam Smith and Ayn Rand?
What will be an ideal response?
Select the incorrect statement regarding costs and expenses.
A. Some costs are initially recorded as expenses while others are initially recorded as assets. B. Manufacturing-related costs are initially recorded as expenses. C. Expenses are incurred when assets are used to generate revenue. D. Non-manufacturing costs should be expensed in the period in which they are incurred.
?A business grapevine is best defined as
A. ?an informal communications network. B. ?a vine that produces grapes. C. ?an electronic bulletin board. D. ?a formal means of disseminating information throughout the company.