As a general rule, the adequacy of the consideration is irrelevant because the law allows bargains
Indicate whether the statement is true or false
True
You might also like to view...
Liquidity measures are intended to indicate an entity's ability to pay long-term debts as they come due
a. True b. False Indicate whether the statement is true or false
Which of the following statements is most accurate with regard to business continuity management (BCM) and disaster recovery planning (DRP)?
A. DRP is an important component of BCM. B. DRP should be considered as optional, while BCM should be considered as necessary. C. BCM and DRP should be considered independently of each other. D. BCM is an important component of DRP.
Round the number to the indicated place: 4,652 all the way
What will be an ideal response?
The following balance sheet information is provided for Duke Company for Year 2:Assets Cash$5,400 Accounts receivable 15,500 Inventory 18,000 Prepaid expenses 1,600 Plant and equipment, net of depreciation 20,200 Land 19,950 Total assets$80,650 Liabilities and Stockholders' Equity Accounts payable$4,500 Salaries payable 11,500 Bonds payable (due in ten years) 19,000 Common stock, no par 30,000 Retained earnings 15,650 Total liabilities and stockholders' equity$80,650 What is the company's current ratio? (Round your answer to 2 decimal places.)
A. 2.53 B. 1.16 C. 3.79 D. 1.31