Mary cleaned her dorm room in the spring and left a pile of books in Sara's room. Mary told everybody that the books were a gift to Sara. Does Sara have to dispose of them?
a. Yes, because there was a present intent and delivery.
b. Yes, because they are constructively in Sara's possession.
c. No, because Sara did not accept the books.
d. No, because there was no agreement between the two parties.
c
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Types of Audit Opinions A CPA, engaged in the audit of financial statements of a large manufacturer with branch offices that are widely dispersed, is not able to count the substantial undeposited cash receipts at the close of business on the last day of
the fiscal year at all branches. As an alternative to this procedure to verify the accurate cutoff of cash receipts, the CPA observes that deposits in transit as shown on the year-end bank reconciliation appeared as credits on the bank statement on the first business day of the New Year. Based on this, the auditor was satisfied as to the cutoff of cash receipts. REQUIRED: Which type of audit report would you suggest be issued this year and why?
The Factory Overhead account will have a debit balance at the end of a period if overhead applied during the period is greater than the overhead incurred.
Answer the following statement true (T) or false (F)
Entities are the data elements associated with an attribute.
Answer the following statement true (T) or false (F)
The purpose of a living will is: A)?To serve as a substitute if the holographic will is invalid
B)?Address end-of-life issues. C)?Have mutually binding provisions for a husband and wife. D)?None of the above