The Restatement (2d) of Contracts defines a promise as:
a. the refusal [of a party] to act or refrain from acting in a specified manner
b. an unwritten agreement [of a party] to act or refrain from acting in a specified manner c. a vague understanding between parties not to act in a specified manner
d. the positive intention of a party not to act in a specified manner e. none of the other choices are correct
e
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Anyone who works with documents must have a system for indicating _______________
a. where the documents must be filed b. who receives the documents c. changes to text d. if the document is approved
Barnes Company purchased $50,000 of 8% bonds at par. The bonds mature in six years and are classified as a held-to-maturity security. Which of the following is the correct journal entry to record the receipt of the usual semiannual interest payment?
A. debit Cash, $2,000; credit Interest Revenue, $2,000. B. debit Unrealized Gain-Equity, $2,000; credit Cash, $2,000. C. debit Cash, $4,000; credit Long-Term Investments-HTM, $4,000. D. debt Cash, $2,000; credit Long-Term Investments-HTM, $2000. E. debit Cash, $4,000; credit Unrealized Gain-Equity, $4,000.
Employment interviews can serve as a public relations tool for employers.
Answer the following statement true (T) or false (F)
To what value can the profit on red nail polish drop before the solution would change?
What will be an ideal response?