Answer:
Misrepresentation.
Explanation:
In this scenario, on its advertisement, a company claims that it has funds in its possession that are in fact not available for payment of losses or claims. The company is guilty of misrepresentation.
Misrepresentation can be defined as an untrue or misleading statement of fact made by a party to an individual or group of people to deceitfully lure or induce them to go into a contract. A company stating in its advert that it has funds in its possession but in the true sense or actual fact do not have the funds for payment of losses or claims; such a company is engaging in a fraudulent act and is liable to prosecution in any court of competent jurisdiction.
World trade organization member countries account for approximately 80-95% of world trade. Its three main functions are:
-Forum for negotiation
-Administration
-Dispute Settlement
To sum it up, World Trade Organization sets the rules, allows countries to talk, and has process for actually resolving problems.
Answer:
The correct answer is <em>The sale of the firm's bonds.</em>
Explanation:
The sale of bonds refers to the alienation of these securities by the investor, which implies not being part of the liability of the issuing company.
The sale of bonds involves the following cases:
- Sale at book value
- Sale on book value
- Sale under book value
Bonds are investments made by the company in the past, in order to obtain returns in the future.
Answer:
any individual under the age of 18 years. ... This rule is subject to several types of contracts which a minor will be bound by, and his right to repudiate such contracts.
Answer:
$4,775
Explanation:
Given that,
Allowance for Uncollectible Accounts = $1,700
Write off in Accounts receivable during the year = $875
Allowance for Uncollectible Accounts required = $5,600
Closing Allowance for Uncollectible Accounts:
= Allowance for Uncollectible Accounts - Write off in Accounts receivable during the year
= $1,700 - $875
= $825
Bad debt expense for 2022:
= Allowance for Uncollectible Accounts required - Closing Allowance for Uncollectible Accounts
= $5,600 - $825
= $4,775
