A(n)_________is the party to a contract who makes a promise to do something
Fill in the blank(s) with correct word
promisor
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Which statement is true about a company's choice of capitalization policy?
a. All assets with a useful life of more than one year must be capitalized. b. The company's policy must meet the minimum capitalization amounts established by GAAP. c. The company's policy is determined relative to materiality and the cost of maintaining asset records. d. The company may elect to capitalize operating expenses which exceed the minimum threshold for asset capitalization.
The company that focuses on the costs of conformance will have low costs of nonconformance
Indicate whether the statement is true or false
When Bayou Corporation was formed on January 1, 20xx, the corporate charter provided for 100,000 share of $10 par value common stock. The following transaction was among those engaged in by the corporation during its first month of operation: The corporation issued 9,000 shares of stock at a price of $23.00 per share. The entry to record the above transaction would include a
A) debit to Cash for $90,000 B) credit to Common Stock for $207,000 C) credit to Paid in Capital in Excess of Par- for $117,000 D) debit to Common Stock for $90,000
Stefi wondered if she would be asked to dance to any ________ in the competition
a. waltzes b. waltzs