In the case of scrivener's errors, a court will usually
A)reform the contract if it is clear that the mistake is not what the parties intended
B)instruct the parties to rewrite the contract without the errors.
C)enforce the contract as written.
D)throw out the contract completely.
A
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Accounts Receivable has a balance of $4,000, and the Allowance for Bad Debts has a credit balance of $400. The allowance method is used. What is the net realizable value of Accounts Receivable after a $160 account receivable is written off?
A) $3,440 B) $3,760 C) $3,600 D) $4,000
The Rubble-Flintstone Company was started on January 1, Year 1 as a partnership. The initial investments from the two partners were $50,000 from Rubble and $30,000 from Flintstone. During Year 1, Rubble-Flintstone Company earned $70,000 in cash revenue, paid $42,000 in cash expenses and the partners withdrew $5,000 each for their personal use. The partnership agreement calls for equal sharing of net income or loss.Required:Using only the above information, prepare an income statement, a capital statement, and a balance sheet for the Rubble-Flintstone Company.
What will be an ideal response?
________, which is the return on risk capital, includes stock price appreciation plus dividends received over a specific period.
A. Earnings per share B. Dividend yield C. Total return to shareholders D. Receivables turnover
For most occupations the law forbids an employer from forcing you into retirement
A) before age 60. B) before age 65. C) before age 70. D) at any age.