Consideration is required for
a. a contract of guaranty.
b. a contract of suretyship.
c. a contract of guaranty and a contract of suretyship.
d. neither a contract of guaranty nor a contract of suretyship.
C
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Which of the following events will cause a company's current ratio to decrease?
a. The sale of inventory for cash b. The sale of inventory for credit (accounts receivable) c. Issuing stock for cash d. Paying off long-term debt with cash
Ohm Software prompts representatives from its software development team as well as its sales and marketing team to review and monitor the performance of its product and service innovations. This is an example of a ________.
A. task force B. community of practice C. joint venture D. cross-functional team
Describe a counterfeiter as a market-follower
What will be an ideal response?
The indirect method of preparing a statement of cash flows
a. eliminates the need for a schedule of noncash investing and financing transactions. b. provides a different result than the direct method. c. adjusts net income for changes in current accounts. d. shows collections from customers rather than the change in Accounts Receivable.