Which of the following typically would not be done to satisfy a current liability?
A) Use long-term assets to satisfy the liability
B) Render a service to satisfy the liability
C) Use current assets to satisfy the liability
D) Take on another current liability to satisfy the liability
A
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When the manufacturing department cut waste by 10%, the organization paid each member of the department $500 (a portion of the savings) as a part of the organization’s ______ program.
A. profit sharing B. gainsharing C. employee stock ownership plan D. stock option
Eagle Properties, a real estate investment and sales firm, presents a form contract to its customer Floyd, who wants to buy a certain quarter acre of land in a proposed housing subdivision that Eagle is marketing. Eagle does not pressure Floyd to sign a contract, but offers its form on a take-it-or-leave basis. If Floyd signs the form, is it enforceable?
What will be an ideal response?
When someone accepts an offer by an exchange of mutual promises, what kind of contract has been formed?
a. implied b. unilateral c. executed d. commercial e. none of the other choices
Suppose the underlying stock pays a dividend before the expiration of options on that stock. This will:I) increase the value of a call option; II) increase the value of a put option; III) decrease the value of a call option; IV) decrease the value of a put option
A. II and III only B. I and II only C. I and IV only D. III and IV only