A condition is a qualification in a contract based on a future event that is certain to occur
a. True
b. False
Indicate whether the statement is true or false
False
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A company purchased a delivery van on October 1 of the current year at a cost of $40,000. The van is expected to last six years and has a salvage value of $2,200. The company's annual accounting period ends on December 31.1. What is the depreciation expense for the current year, assuming the straight-line method is used?2. What is the book value of the van at the end of the first year?
What will be an ideal response?
Which statement regarding oculesics is incorrect?
a. People in the United States do not favor direct eye contact. b. People in China lower their eyes as a sign of respect. c. The Japanese direct their gaze below the chin. d. Eye contact is very intense in the Middle East.
On dissolution, the creditors of the partnership, but not the creditors of the individual partners, can make claims on the partnership's assets
Indicate whether the statement is true or false
Larger companies often end up charging higher prices and achieve a more dominant position in the market than smaller firms that cannot compete against them and their large advertising budgets. When this occurs, advertising
A. increases the choice of alternatives for consumers. B. helps quality products from smaller brands reach the target audience. C. discourages large brands from becoming market leaders. D. becomes a substitute for competition based on price. E. encourages competition based on product improvement.