The rights of a third party bene¬ficiary under a contract vest if the third party brings a lawsuit on the promise

Indicate whether the statement is true or false


T

Business

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Discounting is the process of dividing a future value by the ________ to obtain the ________ value.

A. discount factor; past B. discount factor; present C. rate of discount; past D. rate of discount; present

Business

If the auditor determines that informative disclosures are not reasonably adequate, the auditor must identify that fact in the auditor's report

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

Business

What are the reasons that British researchers believe that nonprofits do so well on the trust dimension?

What will be an ideal response?

Business

The difference between the issuing price of a debt or equity issue and the net proceeds of the issue received by the issuing firm is known as the _____.?

A. ?offering price B. ?flotation cost C. ?underwriter's spread D. ?bid price E. ?premium cost

Business