Regarding beneficiaries, if the promisee is making a gift, the third party is called a _______ beneficiary
a. donee
b. creditor
c. intentional
d. obligor
a
You might also like to view...
Exhibit 13-03 ? On January 1, 2017, Train, Inc accepted an $80,000, non-interest bearing 3 year note in exchange for equipment it sold to Steam Company. Train originally purchased the equipment for $125,000, and it had a book value of $75,000 on the date of the sale. The note was non-interest-bearing. An assumed 11% interest rate is implicit in the agreement. Actual information for 11%, three
periods, follows: ? Present value of 1 0.73119 Present value of annuity of 1 2.44371 ? ? Refer to Exhibit 13-03. What amount should Train record for the discount on Notes Receivable? A) $0 B) $16,505 C) $21,505 D) $58,495
A good outline must be devised in such a way that the concepts in it exhibit
a. parallelism. b. synchronicity. c. divergence. d. polarity.
The offering of merchandise not typically associated with the store type is called
A. scrambled merchandising. B. product diversification. C. intratype competition. D. channel diversification. E. vertical differentiation.
The following account balances were taken from the adjusted trial balance of Kendall Company: Revenues$23,900?Operating Expenses 15,500?Dividends 5000?Retained Earnings 17,500?What is the Retained Earnings account balance that will be included on the post-closing trial balance
A. $20,900. B. $3400. C. $8400. D. $25,900.