Under threat of bodily harm, Jones signed a contract for the purchase of an apartment building. He may later have this contract set aside on the grounds of
a. duress.
b. fraud.
c. undue influence.
d. battery.
A
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For each of the following oversights, state whether stockholders' equity will be understated, overstated, or not affected. ______
a. Failure to record depreciation ______ b. Failure to record accrued wages ______ c. Failure to convert unearned revenue to earned revenue ______ d. Failure to record accrued interest in the bank ______ e. Failure to record expired insurance ______ f. Failure to record revenue earned but not yet received
Absorption costing conforms with generally accepted accounting principles
Indicate whether the statement is true or false
Which of the following statements does not apply to the market model?
a. It is a simpler approach than the standard version of the capital asset pricing model. b. This approach is seldom used in accounting research. c. In this model, the risk-free return is dropped from the equation. d. Abnormal returns are captured in the error term of the model.
An accommodation party will always be primarily liable on an instrument
a. True b. False Indicate whether the statement is true or false