A famous actor signs a contract with a movie studio where she agrees to star in a comedy. Which of the following is true of assignment of such a contract?
A) The movie studio can assign the contract to another movie studio.
B) The movie studio is at liberty to include the actor in a different movie.
C) If the actor is injured, she can assign the contract to another popular actor.
D) Both the actor and the studio can agree that their contract can be assigned.
D
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A company issues a check for $362 but records it as $326 . On the bank reconciliation, the $36 error should be
a. deducted from the balance per books. b. added to the balance per bank. c. deducted from the balance per bank. d. added to the balance per books.
Rowan Corporation, a calendar-year firm, is authorized to issue $200,000 of 1 . percent, 20-year bonds dated January 1 . 2014, with interest payable on January 1 and July 1 of each year. If the bonds were issued to yield 1 . percent, the entry to account for the discount amortization and accrual of interest on December 31 . 2014, would include a
a. debit to Discount on Bonds Payable. b. credit to Cash. c. credit to Interest Payable. d. debit to Bonds Payable.
The inventory data for an item for September are: Sep. 1 Inventory 20 units at $20 4 Sold 10 units 10 Purchased 30 units at $25 17 Sold 20 units 30 Purchased 10 units at $30 Using the perpetual system, costing by the last-in, first-out method, what is the cost of the merchandise inventory of 30 units on September 30?
A) $800 B) $650 C) $750 D) $700
In a negligence lawsuit, parties who were not actually negligent are also liable to the plaintiff
Indicate whether the statement is true or false