Answer:
d) Materiality
Explanation:
Materiality is defined as the impact of the omission of trivial matters that are important to the report audience. In the question given this materiality is the reason why the company's independent accountants did not protest.
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s for $42.50 per share. he also incurs a $1,000 fee for this transaction.
a.what is john's adjusted basis in the 1,000 shares of intel stock?
b.what amount does john realize when he sells the 1,000 shares?
Answer:
A) Bill and John have a contract for the sale of the bike at $375.00
Explanation:
John first made an offer to buy the bike at $325 ⇒ Bill responded with a counteroffer increasing the price of the bike ⇒ John accepted Bill's counteroffer ⇒ they have a binding contract.
When parties are bargaining a contract, the process of giving an initial offer and then a counteroffer (or counteroffers) is part of the process of forming a contract. It is a necessary part, since without this bargaining process there is no contract. A contract is formed when one of the parties accepts the other party's offer or subsequent counteroffer.
<span>One measure of the extent of competition in an industry is the concentration ratio. what level of concentration indicates that an industry is an oligopoly? Most economists believe that a four-firm concentration ratio of greater than 40 percent indicates that an industry is an oligopoly.
An oligopoly is a market where there is a small number of large sellers. They dominate their market but also have their own market structure where they are able to keep a lot of firms from having influence over them. </span>
