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2 years ago

Certain types of contracts must be in writing pursuant to the statute of _____.

Business

1 answer:

marta [7]2 years ago

5 0

Certain types of contracts must be in writing pursuant to the statute of "frauds".

A state statute that necessitates certain kinds of agreements to be written, expected to guarantee that terms of imperative contracts are not overlooked, misconstrued, or fabricated, reason for this is to smother misrepresentation, fraudulent cases, some of the time envisioned in light of ensuing occasions or basically invoked.

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Which of the following best describes business impact analysis?

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3 years ago

Financial statements that give effect to a subsequent event as though the event had occurred at the balance sheet date are known

mojhsa [17]

Answer:

The correct answer to the following question is Pro forma financial statements.

Explanation:

A subsequent event can be defined as an event which takes place after the reporting period, but before the financial statements of a company are issued. And depending on what kind of event they are like additional information or new events, it will be decided whether these events should be disclosed in a company's financial statement or not.

If it is decided that the subsequent event should be disclosed in the company's financial statement then a pro forma financial statement would be made, in which nature and financial effect of the subsequent event should be disclosed.

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2 years ago

If there's upward pressure on price how does this affect the supply side of the market?

taurus [48]

If there's upward pressure on price, there would be an increase in the quantity supplied.

<h3>What the relationship between price and the quantity supplied?</h3>

There is a positive relationship between price and the quantity supplied. When there is an increase in price, the quantity supplied increases all things being equal.

The positive relationship between price and the quantity supplied is a result of the desires to earn more profit. So when price increases, in order to earn higher income, producers would increase the quantity supplied. This postulation is in line with the law of supply.

To learn more about the law of supply, please check: brainly.com/question/26374465

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6 0

1 year ago

Oregon Outfitters issues 1,700 shares of $1 par value common stock at $20 per share. Later in the year, the company decides to p

lions [1.4K]

Answer and Explanation:

The journal entries are given below;

1. Cash Dr, $34,000 (1,700 × $20)

To Common Stock $1,700

To Paid in capital in excess of par-Common Stock $32,300

(Being issue of common stock is recorded)

2.Treasury stock Dr, $4,620 (220 × $21)

To Cash $4,620

(Being repurchase of treasury stock is recorded)

3. Cash Dr, $5,940 (220 × $27)

To Treasury stock $4,620 (220 × $21)

To Paid in capital-Treasury stock $1,320

(Being reissue of treasury stock is recorded)

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2 years ago

Computer Wholesalers restores and resells notebook computers. It originally acquires the notebook computers from

Keith_Richards [23]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.

6 0

3 years ago

Certain types of contracts must be in writing pursuant to the statute of​ _____.

Certain types of contracts must be in writing pursuant to the statute of _____.