Under the Statute of Frauds, a bailment agreement must be in writing if it is for more than one year
Indicate whether the statement is true or false
TRUE
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What is the meaning of "short sell"?
a. Buy shares from a brokerage firm and enter into a forward transaction to sell the shares at today's price on a future date. b. Sell the shares at today's price to an investor and enter into an option agreement to buy the shares back in near future. c. Buy shares from one brokerage firm and sell the shares to another brokerage firm with a view to make quick money. d. Borrow shares from a brokerage and sell the shares at today's price with the intention to repay the borrowed stock they sold at some future time when the stock is trading for a lower price.
Which of the following will not affect retained earnings?
a. Declaration of a stock dividend b. Payment of a cash dividend previously disclosed c. Adjustment for an error of a prior period d. Net income e. Net loss
When a consumer debtor completely fulfills all debts and obligations secured by a financing statement, he or she is entitled to a:
A. statement of benefits. B. statement of claims and defenses. C. continuation statement. D. termination statement.
The formula for price/rate variance is (AP - SP) ? AQ
Indicate whether the statement is true or false