Resourced Minerals Inc agrees to deliver ten tons of coal to Static Energy Corporation. The agreement states that delivery is to be within "9" days, although the parties intend "90" days. Resourced Minerals cannot convince Static Energy to amend the contract. Resourced Minerals should seek
a. damages.
b. reformation.
c. rescission.
d. specific performance.
b
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When a subsequent event provides evidence about conditions that did not exist at the balance sheet date, what is the best course of action for the auditor to follow?
a. Ensure that any necessary footnote disclosures be included with the statements. b. Ensure that the financial statements are adjusted to reflect the information, including any necessary footnote disclosures. c. Give an inappropriate opinion. d. Provide management with a new engagement letter to document the terms of the revised arrangement.
In terms of union organization and management, the experience of Cezar Chavez is most representative of which of the following qualities?
a. self-sacrifice for the plight of the laborer b. self-enrichment through corrupt dealings c. achievement of political power through violent union action d. championing a lost cause
The practice of attending to the ________ of a firm is referred to as reputation management.
Fill in the blank(s) with the appropriate word(s).
Which of the following accounting conventions few problems in interpreting financial statements due to the latitude companies have in their choice of accounting methods?
a. Full disclosure and materiality b. Full disclosure and consistency c. Materiality and conservatism d. Conservatism and consistency.