When an offeree is not aware of the insanity of the offeror and communicates assent to an offer, it is considered as accepted
Indicate whether the statement is true or false
False
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Unrealized holding gains or losses which are recognized in the income statement are from securities classified as
a. trading b. available for sale c. held-to-maturity d. equity
Firms with convertible preferred stock or other potentially dilutive securities outstanding
a. must present dual earnings-per-share amounts. b. calculate basic earnings per share by taking net income attributable to common stock and dividing by the average number of common shares outstanding during the period. c. calculate diluted earnings per share when a firm has securities outstanding that, if exchanged for common stock would decrease basic earnings per share by 3 percent or more. d. all of the above e. none of the above
According to each of the four schools of thought, what was the cause of the "labor problem"? Given the causes, what solution does each school propose?
What will be an ideal response?
Generally, when may a security interest be perfected in collateral?
a. By the secured party's filing a financing statement in the designated public office. b. By the secured party's taking or retaining possession of the collateral. c. Automatically, on the attachment of the security interest. d. Temporarily, for a period specified by the Code e. All of these, depending on the type of collateral.