A promise to do what one already has a legal duty to do constitutes legally sufficient consideration
Indicate whether the statement is true or false
False
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Three months before year-end, Billings Company signed a $100,000, 12%, 6-month note. Principal and interest will be paid at maturity. No interest should be accrued at year-end because the company has no obligation to pay the interest until the note matures
a. True b. False Indicate whether the statement is true or false
A subsidiary ledger is
A) a journal used by a company to record its transactions with a similar characteristic. B) a group of accounts, all of which relate to one specific company activity. C) the entire group of accounts for a company. D) a record of all the daily activities.
What is the term for the risk that the sample was not representative of the population
a. Systematic risk b. Non-sampling risk c. Sampling risk d. Compliance risk
Which of the following leads to cultural pollution?
A) commercial noise B) air pollution C) language barriers D) inflation E) redlining