The law presumes that the parties to a contract have the requisite contractual capacity to enter
into a contract.
Indicate whether the statement is true or false
TRUE
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In the final paragraph of your application letter you should
A) show the reader that you're a contender and demand an interview. B) close with a quote from your favorite philosopher or poet. C) request an interview and provide contact information. D) include information about extracurricular activities to show how well-rounded you are. E) thank the reader in advance for interviewing you.
All of the following adjustments can be used to understate accounts payable EXCEPT:
a. Recording purchases after year end b. Overstating purchase discounts c. Understating purchase returns d. Omitting purchases
A FASB discussion memorandum suggested that cash flow data are a useful supplemental disclosure for all of the following reasons except:
a. they provide information about the quality of income. b. they aid in assessing flexibility and liquidity. c. they help to identify the relationship between accounting income and cash flows. d. they are a better predictor of future earnings than is accounting income.
Legal and scientific requirements for a successful appraisal system include all of the following EXCEPT:
A. relevance. B. sensitivity. C. reliability. D. acceptability.