When an agency relationship is gratuitous, the agent does not act in exchange for payment.

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


True

Business

You might also like to view...

Stone Company reported pre-tax book income of $700,000 in 2018, the first year of operation. The tax depreciation exceeded the book depreciation by $90,000. The tax rate for 2018 and all future years was 30%.Income tax expense reported in the income statement for the year ending December 31, 2018 would be:

A. $100,000. B. $183,000. C. $210,000. D. $120,000.

Business

Which term below is defined as the unofficial line of communication between individuals or groups?

A. rumor string B. gossip chain C. cluster chain D. grapevine

Business

Choose the correct verb in parentheses. The new manuals have (lain, laid) there for two weeks

Business

Chronology is used for

A) Meeting minutes. B) Resumes. C) Trip reports. D) All of the above. E) B and C.

Business