Under the common law, payment of a lesser sum of money than is owed in consideration of a promise to discharge a fully matured, undisputed debt is legally sufficient to support the promise of discharge
a. True
b. False
Indicate whether the statement is true or false
False
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Carrie and Callie form a partnership in which Carrie contributes $85,000 in assets and agrees to devote half time to the partnership. Callie contributed $50,000 in assets and agrees to devote full time to the partnership. If no additional information is available, how will Carrie and Callie share in the division of income?
a. 5:8.5 b. 1:2 c. 1:1 d. 2:1
When a retailer purchases a product on-deal in one location and ships it to another where it is off-deal, the process is:
A) exit forwarding B) a diversion C) a transaction alteration D) forward buying
Which statement below lists the correct steps for binary fission?
A. 1. enlargement of cell volume, 2. attachment of chromosome to the plasma membrane, 3. DNA replication occurs, 4. cell elongates and chromosomes are pulled apart, 5. a new cell wall and plasma membrane divide the cell in half B. 1. attachment of chromosome to the plasma membrane, 2. enlargement of cell volume, 3. DNA replication occurs, 4. cell elongates and chromosomes are pulled apart, 5. a new cell wall and plasma membrane divide the cell in half C. 1. attachment of chromosome to the plasma membrane, 2. enlargement of cell volume, 3. DNA replication occurs, 4. a new cell wall and plasma membrane divide the cell in half, 5. cell elongates and chromosomes are pulled apart D. 1. a new cell wall and plasma membrane divide the cell in half, 2. attachment of chromosome to the plasma membrane, 3. enlargement of cell volume, 4. DNA replication occurs, 5. cell elongates and chromosomes are pulled apart
Stock splits:
A. are a type of dividend. B. change the retained earnings account. C. decrease the number of shares outstanding. D. change the par value of the shares.