An auctioneer is the offeror and a contract is formed when a bid is made

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


False

Business

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Which of the following procedures is not a procedure used by an auditor in searching for unrecorded disposals of long-lived assets?

a. Make client inquiries. b. Examine property tax records. c. Send confirmations to insurance agents. d. Examine scrap sales accounts.

Business

Market segmentation theory would explain an upward sloping yield curve as a high demand for short-term securities relative to the supply

Indicate whether the statement is true or false.

Business

In Whalen v. Union Bag & Paper Co, the New York Court of Appeals held that a pulp mill could be forced to cease operations if it polluted a creek, even if it was not negligent

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

Business

Prepaid Insurance is an asset account.

Answer the following statement true (T) or false (F)

Business