Raymond agrees to transfer an easement right to Sandra for $1,000. This contract is within the statute of frauds and therefore needs to be in writing to be enforceable
Indicate whether the statement is true or false
True
You might also like to view...
Under the completed contract method
a. revenue and cost are recognized during the production cycle, but gross profit recognition is deferred until the contract is completed. b. revenue, cost, and gross profit are recognized during the production cycle. c. revenue, cost, and gross profit are recognized at the time the contract is completed. d. none of these
The enforcement of ethical standards in a just and compassionate manner is likely considered ______.
a. ethical punishment b. “tough love” c. abusive behavior d. an act of omission
For inventory that is shipped FOB destination, title transfers from the seller to the buyer once the seller ships the inventory.
Answer the following statement true (T) or false (F)
ABC company have forecast approximately £10 million sales for the coming year. They have decided to allocate £200,000 (2% of turnover) to marketing. Which budget setting method are they using?
a. arbitrary method b. affordable method c. competitive parity method d. competitive percentage method e. percentage of sales method