A third party beneficiary's status occurs:
a. after an assignment and delegation.
b. when the third party is informed of the contract.
c. when the third party beneficiary agrees to the contract terms.
d. when the contract is created.
d
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When a new partner is admitted to a partnership, there should be a(n)
a. increase in the total assets of the partnership b. new capital account added to the ledger for the new partner c. increase in the total owner's equity of the partnership d. debit amount to the partner's capital account for the cash received by the current partner
The purchase of office equipment on credit has what effect on the accounting equation?
a. Assets increase and liabilities increase b. Liabilities increase and stockholders' equity decreases. c. Assets decrease and stockholders' equity decreases d. Assets decrease and liabilities decrease.
E-books have changed the _________ for books.
a. supply conditions b. demand conditions c. terms of trade d. way people shop
One of the reasons why a salesperson must constantly look for new prospects is to:
A. increase product sales. B. gain additional sales presentation experience. C. prevent the loss of current customers. D. fill-in otherwise unproductive parts of the day. E. fulfill corporate social responsibilities.