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Sedaia [141]
3 years ago
15

Consensus ad idem means which of the following?

Business
2 answers:
Rashid [163]3 years ago
4 0

The correct answer is A. Meeting of minds.

Explanation

Consensus ad idem is a Latin term that literary means "meeting of the minds",  this phrase refers to the agreement or consensus between parties. This term is generally applied to contracts, where both parties must accept and propose certain conditions for the contract to develop well. This consensus must be between both parties because in case this does not occur, one of the parties may be forced by a court to act to repair the breach. So, the correct answer is A. Meeting of minds.

svet-max [94.6K]3 years ago
3 0

Answer: A . Meeting of the minds

Explanation:

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Cash and contributed capital

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The journal entry to record the sale of common stock is shown below:

Cash A/c Dr $45,000

   To Common stock A/c $45,000

(Being the common stock is sold)

For recording this transaction, we debited the cash account as the sale is made which increases the asset and credited the common stock account because the common stock is sold which reduces the equity balance.

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Explanation:

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So the answer here is just the appropriate one.

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3 years ago
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Hope this helps!
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