Noelle uses blackmail to force Jeff to sign a contract for the sale of his home. This contract is ________.
A. unenforceable
B. valid
C. void
D. voidable
Answer: D
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If a company's net income varies significantly from year to year, the auditor might consider using an average of the net income from the prior three to five years as the materiality benchmark
a. True b. False Indicate whether the statement is true or false
Which of the following terms refers to the maximum number or value of shares that a corporation is permitted by its charter to issue?
A) amortized share capital. B) authorized share capital C) regulated share capital D) chartered share capital E) aggregate share capital
Employer contributions to employee health insurance must be:
A) Added to Federal taxable wages. B) Reported in Social Security wages. C) Reported in State taxable wages. D) Reported in Box 12, Code DD.
The percentage-of-sales method of preparing pro forma income statements assumes that ________.
A) sales are fixed B) all costs inversely vary with sales C) all costs are independent D) all costs are variable