The failure to have a license will not render agreements void if the license:
A)is based on formal education?
B) is required for engaging in a particular business or trade
C) is a regulatory license
D) is readily obtainable by anyone who offers payment of a required fee
D
You might also like to view...
With respect to consumer decision making, the ________ set is the set of strong contenders from which one will be chosen as a supplier of a good or service
A) total B) awareness C) consideration D) choice E) decision
Analyze how a vision can fail.
What will be an ideal response?
On January 1, 20X8, Parent Company acquired 90 percent ownership of Subsidiary Corporation, at underlying book value. The fair value of the noncontrolling interest at the date of acquisition was equal to 10 percent of the book value of Subsidiary Corporation. On Mar 17, 20X8, Subsidiary purchased inventory from Parent for $90,000. Subsidiary sold the entire inventory to an unaffiliated company for $120,000 on November 21, 20X8. Parent had produced the inventory sold to Subsidiary for $62,000. The companies had no other transactions during 20X8.Based on the information given above, what amount of consolidated net income will be assigned to the controlling shareholders for 20X8?
A. $59,000 B. $52,200 C. $58,000 D. $55,000
One of the primary values of convertible debt is that it:
a. is money that doesn’t need to be paid back b. removes the need for valuation c. is less expensive than other types of loans d. eliminates a need for venture capitalist funds