Cory enters into a contract with Diane to act as her personal sports trainer. If they later dispute the meaning, and the contract contains unclear terms, the rules of contract interpretation will give effect to
A. the parties' intent as expressed in their contract.
B. what the defendant claims was the parties' intent.
C. what the plaintiff claims was the parties' intent.
D. what the parties now agree they intended.
Answer: A
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Held-to-maturity securities are:
A. Always classified as Short-Term Investments. B. Debt securities that a company intends and is able to hold to maturity. C. Equity securities that a company intends and is able to hold to maturity. D. Always classified as Long-Term Investments. E. Equity securities where significant influence involved.
A gift of $1,000,000 to a city, to be invested permanently, with the proceeds to be used to maintain the city war memorials should be accounted for in a special projects fund.
Answer the following statement true (T) or false (F)
Which of the following is the most elementary level of measurement?
A. nominal scale B. ordinal scale C. ratio scale D. interval scale
Which of the following is not a discount provided to business customers?
A. Trade B. Quantity C. Cash D. Seasonal E. Differentiated