Answer:
It is True. the option (a) is correct
Explanation:
Solution
Given that:
The statue of fraud can be refereed to as the requirements for specific kind of contract that should be in writing and signed by the parties involved with sufficient evidence. the main idea is to stop fraud and other types of injury.
The vital aspect of statute of frauds include the following:
- It applies to particular types of contract and they are six classification It include contracts for an interest for the sale of land, contracts that need to be performed in more than a year, contracts about someone else's debt presumed by other, contract in which marriage is a deliberation, contracts for good sold value more than $500 and promises by executors or administrators.
- The motive of the contract is that it formalize the concurrence between the parties so that it can be thought seriously.
- The statute of frauds avert fraudulent conduct of one party to another.
Answer:
Explanation:
1. Accounts Payable - Current liabilities in liabilities side
2. Accounts Receivable - Current asset in assets side
3. Accumulated Depreciation—Building - Property, plant, and equipment in assets side
4. Cash - Current asset in assets side
5. Common Stock - stockholders' equity
6. Note Payable (due in ten years) - Long-term liability in liabilities side
7. Supplies - Current asset in asset side
8. Wages Payable - Current liabilities in liabilities side
Answer:
A. AA-rated revenue bond that is escrowed to maturity
Explanation:
As first option is the bond that the issuer of bond called back prior to the matured. It occurs when there is a fall in the rate of interest
The second option is backup by a pledge that involves full trust and contains the secure option that enables an individual free from the federal income tax
The third option are issued by the authorities that are local and governed by the U.S government so it become secure that enables an individual free from the federal income tax
The fourth option is the mix of revenue bonds and the obligation bonds hat involves full trust and contains the secure option that enables an individual free from the federal income tax
