Common size financial statements exclude the dollar amount as a relevant variable in the analysis, which makes comparison of one period with the next more meaningful.

Answer the following statement true (T) or false (F)


True

Business

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One of the requirements of a valid contract is an adequate market for the deal’s goods or services.

Answer the following statement true (T) or false (F)

Business

If the meaning of a statute's language is unclear and an agency interprets it, a court must follow the interpretation as long as it is reasonable.

Answer the following statement true (T) or false (F)

Business

The lender must disclose at the time of a loan application whether the loan may be transferred or assigned

Indicate whether the statement is true or false

Business

The debtor will be denied a discharge if: A) the debtor had been extravagant

B) the debtor incurred debts because of negligence. C) the debtor received a discharge ten (10 ) years previously. D) the debtor refused to obey a lawful order of the court.

Business