The Statute of Frauds was passed in a manner akin to the... The mere fact that a buyer has made payment under an oral contract to purchase land does not make.
What does the statute of frauds define as a lawful admission?Both parties acknowledge: The validity of the contract can be enforced if both parties concur. This need is met by the party against whom enforcement is being sought's admission.
Which contracts are normally required by the statute of frauds to be in writing?A legal principle known as the statute of frauds mandates that certain kinds of transactions be completed in writing. The law covers agreements involving the sale of real estate, transactions involving items valued at more than $500, and agreements lasting a year or longer.
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Answer:In writing
Explanation:
how should the food worker protect the food she prepares from contanination
A food worker could protect their food in a couple of ways. For one, wearing one-use gloves for each aspect of the preparation process protects food from cross-contamination.
Another way would be something such as a hairnet. The reason this works is to prevent hair strands from mixing with the food, therefore also preventing contamination.
a gross profit ratio of 55% indicates that: multiple choice for each $1 of sales, the company generates $0.55 in gross profit. for each $1 of gross profit, the company generates $0.55 in net income. for each $1 of net income, the company generates $0.55 in gross profit. for each $1 of gross profit, the company generates $0.55 in sales.
A gross profit ratio of 55% indicates that .The company generates $0.55 in gross profit Option A is correct
The gross profit of a business is determined by subtracting the total sales from the total cost of the goods sold. All products sold by the business are included in the overall sales. All of the variable expenses related to sales are added together to form the overall cost of the products sold. When cost of goods sold (COGS) is subtracted from revenue, the result is a company's gross profit, which is displayed on its income statement (sales). These figures will appear on a company's income statement. Other names for gross profit include sales profit and gross income.
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certain production equipment used by dayton mechanical has become obsolete relative to current technology. the company is considering whether it should keep or replace its existing equipment. to aid in this decision, the company’s controller gathered the following data: old equipment new equipment original cost $350,000 $396,000 remaining life 5 years 5 years accumulated depreciation $158,000 $0 annual cash operating costs $64,000 $16,000 current salvage value $88,000 na salvage value in five years $0 $0 a. what is the total dollar amount of any sunk costs in the data.
The machine's $350,000 initial purchase price is referred to as the sunk cost. Consequently, $350,000 is seen as a sunk cost.
Define Sunk Cost.A sunk cost, also known as a retrospective cost, is an expenditure that has already been made but cannot be recovered. Marketing, research, the installation of new software or equipment, paying for employees' salaries and benefits, or maintaining buildings are a few examples of sunken expenses in a business.
Investment in advertising, research into a new product, Labor expenses, new software system installation and operational procedures, loss of relationships in business and reputation etc. are some examples of sunk cost.
As provided in the question, the original cost of old equipment= $350,000
Hence the sunk cost in this data= $350,000
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Single plantwide factory overhead rate The total factory overhead for Cypress Marine Company is budgeted for the year at$900,000, Cypress Marine manufactures two types of boats; speedboats and bass boats. The speedboat and bass boat each require 10 direct labor hours for manufacture. Each product is budgeted for 400 units of production for the veat: a. Determine the total number of budgeted direct labor hours for the year. direct labor hours b. Determine the single siantwide factory ovethead rate, Round your answer to two decimal places. per dih c. Determine the factory overhead allocated per unit for each product using the single plantwide foctory overnead rate. Speedboats 1 per unit Bast boats 1 per unit:
The total number of budgeted direct labor hours for the year is 3600
Direct labor hours are one of the most widely used allocation grounds in small-business manufacturing. Management must first estimate the entire number of direct labor hours that are anticipated to be used throughout the year before using them as part of the allocation base.
Employees who are directly involved in production make up direct labor in manufacturing businesses, whereas service-based businesses use direct labor from employees who deliver services. Some businesses may classify direct labor in accordance with a particular product, cost center, or work order.
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receives payment of $800,000 that were delivered and invoiced on credit in the previous month. how would this receipt impact the accounting equation of inc.?
Assets increase by $800,000 because the company receives the cash, and assets also decrease by $800,000 because the company no longer has the right to receive the cash (receivables previously recognized at the time of sale).
How is the company established? The incorporation process involves drafting a document known as the Articles of Incorporation and listing the company's shareholders. In a corporation, business unit assets and cash flows are kept separate from those of owners and investors. This is known as limited liability.In the United States, there are following types of companies: Sole proprietors, limited liability companies (LLCs), S corporations (S corps), and C corporations (C corps).What does Incorporation mean and when should the company be incorporated?Incorporation is the formation of a company as a separate legal entity by being registered with the state. Incorporating may mean incorporating one of several legal structures, such as: B. Limited Liability Company (LLC), C-Corporation (C-Corp), or S-Corporation.Integrate before signing a contract and enjoy limited liability protection. As previously mentioned, incorporation can protect personal assets from business liabilities. This applies to both online and brick-and-mortar businesses.To learn more about companies visit:
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Which inventory costing methods are based on assumptions that accountants make about the flow of inventory costs? (Check all that apply.)
a. LIFO
b. Specific Identification
c. FIFO
a & c
LIFO and FIFO are inventory costing methods primarily based totally on assumptions that accountants make approximately the glide of stock costs.
Companies assign costs to products during inventory costing, also known as inventory cost accounting. Incidental expenses like storage, administration, and market fluctuations are also included in these expenditures. In order to prevent corporations from overstating these costs, generally accepted accounting standards (GAAP) adopt standardized accounting guidelines.
Inventory costing is a component of inventory management. A supply chain's proper inventory management lowers overall inventory costs and aids in deciding how much of a product a company should hold. All of this data aids businesses in determining the necessary margins to allocate to each product or product category.
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how can confidential data and information (such as the wages of individual employees) be kept confidential and yet still be available to managers who need them?
Confidential data and information, such as employee salaries, can be made available to managers while remaining confidential. This is accomplished through the Management Information System (MIS) that provides managers with the information they need to perform their tasks effectively.
Timely distribution of information from internal and external sources is done in MIS.
By what requirements is the confidentiality of employee data and information achieved?Establish strong security protocols: This includes setting up secure systems and networks, as well as establishing clear security policies.Use access control measures: This may include requiring passwords and two-factor authentication for access.Use encryption: This will ensure that only authorized personnel can view the data.Store data in a secure environment: This could mean physically storing data in a secure location or using cloud-based storage services that are protected with strong authentication measures.Monitor access to data: This could include tracking logins and regularly reviewing access logs to ensure that only authorized personnel are accessing the data.Learn more about employee confidentiality:
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aggregate expenditure is the sum of: consumption, exports, and planned investment. planned investment, government expenditure, exports, and imports. consumption, planned investment, government expenditure, and net exports. consumption, planned investment, imports, and taxes.
The consumption function was just discussed, yet total expenditure is made up of more than just consumption: Total aggregate expenditure = C + I + G + (X – M).
The present market value of all the finished goods and services in the economy is known as aggregate expenditure in economics. It is the total of all the economic expenditures made by the factors over a given time period. The formula for total spending is AE=C+I+G+NX.
The equation is written as follows: Total expenditure = sum of household consumption (C), investments (I), government spending (G), and net exports (NE) (NX).
Consumption (C): The total annual household consumption.
The amount spent on capital goods is referred to as the investment (I).
Federal, state, and municipal government spending is indicated by the letter "G," or "government expenditure." Infrastructure or transfers are examples of government spending that raise the total amount spent by the economy.
Net exports (NX) are the sum of all exports minus all imports.
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Derrick is the project manager for a pie sale at the local middle school to raise money for
the 8th-grade soccer team. Which of the following would be considered a deliverable risk
for this project? All custard and pumpkin pies must be stored cold until the people who
purchase it can pick it up.
8th-grade soccer team would be considered a deliverable risk for this project.
Delivery risk refers to the risk that a counterparty may not satisfy its aspect of the settlement through failing to deliver the underlying asset or cash cost of the agreement. other phrases to describe this case are agreement hazard, default chance, and counterparty risk.
A chance class is a group of capability causes of chance. categories assist you to group man or woman assignment dangers for evaluating and responding to risks. venture managers regularly use a commonplace set categories including: time table. value.
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true or false: taxing people $10 for every fire extinguisher they buy would yield the efficient outcome.
Taxing people $10 for every fire extinguisher they buy would yield the efficient outcome, this statement is false.
How Do Taxes Operate?Taxes are required payments made to individuals or enterprises by a government agency, whether local, regional, or federal. Public infrastructure and services like roads and schools, as well as programs like Social Security and Medicare, are all funded with tax dollars.
Its benefits?A tax is a financial charge that the federal or state governments of a country impose on the people to pay for economic growth. Taxes fall into one of two categories: direct or indirect, depending on how they are paid to the government. Income taxes, corporate taxes, and capital gains taxes are a few examples of direct taxes.
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Which of the following devices is considered an output peripheral?
A. monitor
B. mouse
C. touchpad
D. keyboard
Explanation:
monitor is an output peripheral. it shows the results of what you've done in your system
please mark brainliest
The current spot exchange rate is $1.50/€ and the three-month forward rate is $1.55/€. Based on your analysis of the exchange rate, you are confident that the spot exchange rate will be $1.62/€ in three months. Assume that you would like to buy or sell €1,000,000. What actions do you need to take to speculate in the forward market? What is the expected dollar profit from speculation?
A) Sell €1,000,000 forward for $1.50/€.
B) Buy €1,000,000 forward for $1.55/€.
C) Wait three months, if your forecast is correct buy €1,000,000 at $1.62/€.
D) Buy €1,000,000 today at $1.50/€; wait three months, if your forecast is correct sell €1,000,000 at $1.62/€.
b. Buy the 1,000,000 Euros forward for $1.55/Euros is the action which needs to be taken to speculate in the forward market
An over-the-counter market known as a forward market determines the price of a financial instrument or asset for future delivery. Although a variety of assets can be traded on forward markets, the phrase is most frequently used to refer to the foreign currency market. In addition to commodities markets, it can also be used to describe interest rate and security markets.
The term "forward market" refers to the market where assets, financial instruments, and forward contracts are traded and their prices are set. A market like this is utilized for the trading of instruments.
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if a taxpayer's interest in a passive activity is transferred by gift, how are the suspended losses treated?
if a taxpayer's interest in a passive activity is transferred by gift, they are included in the property's foundation for the done.
Who is a taxpayer?Any person or business that owes taxes to the federal, state, or local governments is referred to as a taxpayer.
Taxes on both individuals and businesses are the main source of funding for governments.
Taxpayers can be broadly divided into two groups: individuals and corporations.
Individuals - Taxpayers who must pay taxes on their income fall under this category.
Corporations: These taxpayers are required to pay tax on the profits they made from their business operations the previous year.
A corporation that is unqualified to choose or has chosen not to apply the system made available by this Directive is referred to as a non-taxpayer.
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A company has $100,000 it wishes to invest. a broker can guarantee an annual rate of return of 4% on the investment of $100,000. how long will the investment take to double?
Answer:Its not 12
Explanation: it was wrong
Answer: 18 years
Explanation:
gantt charts are part 2 a. widely used network techniques. b. not easy to understand. c. planning charts used to schedule resources and allocate time. d. not widely used.
Gantt chart are planning charts used to schedule resources and allocate time, which means that option C is the right answer.
A Gantt chart is a very useful project management tool which helps to show how the work is completed over a period of time in comparison to the time planned for the work. This enable to create a comparative chart. It can include all kinds of data, dates, tasks assigned and other needful information and can help correlate the data. It is widely used by business firms to deal with project scheduling, systematic operations and production routines. As the project progresses, the chart's bars are shaded to show which tasks have been completed.
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Baker Green’s weekly gross earnings for the week ending December 7 were $2,500, and her federal income tax withholding was $525. Prior to this week Green had earned $98,000 for the year. Assuming the social security rate is 6% and Medicare is 1.5%, what is Green’s net pay?
The green net pay In the financial industry, gross earnings are also known as gross profit or gross income. The term can mean many things depending on how it is used, as was mentioned above.
Washington received $2,564.28 in net compensation.Steven Washington's gross pay for the week ending March 9 was $3,340, and her federal income tax withholding was $567.80. Assuming that the rates of social security and Medicare taxes are 6% and 1.5%, respectively, of all earnings, the following calculation must be made to determine Washington's net pay:
(3,340 - 567.80) x (1 - 0.06 - 0.015) =X 2,772.2 x 0.925 =X\s2,564.28 = X. Is the green net pay.
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Auditors are concerned about the _____ assertion for revenue transactions because clients are more likely to overstate sales than to understate them.
The occurrence assertion for revenue transactions is an issue for auditors since customers are more prone to overstate revenues than to understate them.
What is an assertion of occurrence?To ascertain if the transactions listed on financial statements actually occurred, apply the occurrence assertion. This can be anything from authenticating trade receivables balances by confirming that a sale occurred on the designated day to confirming that a bank deposit has been completed.
What are the revenue audit assertions?To guarantee that financial records and disclosures are accurate and appropriate, assertions need to be evaluated. Financial statements are correctly reported if all assertions for pertinent transactions or balances are met.
How can it be proven that revenue actually occurs?The need to check for revenue transfers cannot be overstated. The biggest challenge for the majority of organizations will be reversing figures from the general ledger or sales journal to source documents (invoices, shipping documentation, etc.).
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is the operations management planning function that searches for quality material resources, finds the best suppliers, and negotiates the best price.
The planning function of operations management known as purchasing seeks for high-quality material resources, selects the finest suppliers, and bargains for the greatest price.
What do mean by management?The process of completing the labor or task necessary for accomplishing an organization's goals in an effective and efficient way is referred to as management. These management tasks are implied by the process. Planning, organizing, staffing, directing, and managing are therefore involved.
How is management important?A manager's job is to give all attempts to attaining organizational objectives general leadership and direction. Increasing productivity by effective planning, organizing, managing, and directing, management contributes to the business's increased efficiency.
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unique creations has a monopoly position in magnometers. if the marginal cost for a mag-nometer is $50 and the price elasticity for magnometers is -4, what is the profit-maximizing markup?
The profit-maximizing markup.A monopoly should select a price where demand is elastic in order to maximise its profit. At the point where MR=MC, a monopolist seeks to maximise profit.
The marginal revenue for a monopolist is determined as follows: marginal revenue = change in total revenue/change in output. Demand that is elastic (e > 1) results in positive marginal revenue, while demand that is inelastic (e 1) results in negative marginal income. When demand exhibits unitary elastic behaviour (e = 1), marginal revenue is zero. Therefore, a monopolist should create and maximise profits when demand is elastic. Profit-maximizing price is 600 at 100% makeup. After thinking about the problem, fixing it, and figuring out the price that would maximise profits, we are left with.The marginal revenue for a monopolist is determined as follows: The difference between total income and output is the marginal revenue.
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Job-safety analyses are not necessary in the housekeeping department (t/f)
True - Job-safety analyses are not necessary in the housekeeping department.
evaluation is the process of breaking a complex subject matter or substance into smaller elements with a view to gain a better knowledge of it. The technique has been applied in the observe of arithmetic and logic considering earlier than Aristotle (384–322 B.C.), even though evaluation as a proper idea is a relatively current development. The phrase comes from the historical (evaluation, "a breaking-up" or "an untying;" from ana- "up, for the duration of" and lysis "a loosening").[2] From it additionally comes the word's plural, analyses.
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sarah emails joyce to let her know about a job opening. what is sarah's role in the communication process?
Sarah's role in the communication process is Sender.
There are also different elements in the system, and those two factors are gifts in the shape of the sender and the receiver. The conversation procedure begins with the sender and ends with the receiver. A sender is a person, institution, or business enterprise who initiates the communication.
The definition of a sender is someone who caused something to be sent to a recipient. An example of a sender is the person that placed a letter in the mailbox. a person who sends. additionally known as a source or a transmitter, a sender is a device that originates, or generates, a statistics switch to 1 or greater receivers.
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mo theory replaces resonance structures associated with electrons assigned to individual bonds with extended areas of electron density associated with electrons in bonding mos over the entire molecule.
MO theory replaces resonance structures associated with Localized electrons assigned to individual bonds with extended areas of electron density associated with Delocalized electrons in bonding MOs over the entire molecule.
A negatively charged subatomic particle known as an electron can be attached to or detached from an atom (not bound). One of the three main particle types found in an atom, along with protons and neutrons, is a bound electron.
Electricity, magnetism, chemistry, thermal conductivity, as well as gravitational, electromagnetic, and weak interactions are just a few of the physical phenomena that involve electrons.
MO theory replaces resonance structures associated with _____ electrons assigned to individual bonds with extended areas of electron density associated with ____ electrons in bonding MOs over the entire molecule.
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which of the following is not an observed characteristic described by prospect theory? a. negativity dominance b. risk aversion to sure loss c. diminishing marginal utility d. endowment effect e. all of the above are described by prospect theory
the endowment effect is not an observed characteristic described by prospect theory.
Endowment effectThe endowment effect explains why people's mental values for an object change before and after they acquire or use it. People appreciate an owned thing more than a non-owned item. When a person possesses something, their impression of its utility grows.
However, Kahneman, Knetsch, and Thaler (1991) discover that the endowment effect persists even after controlling for wealth effects. When commodities are indivisible, a coalitional game can be set up in order to construct a utility function on all subsets of the goods.
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schick and gillette spend huge sums of money each year to advertise their razors in an attempt to steal customers from each other. suppose each year that schick and gillette have to decide whether or not they want to spend money on advertising. if neither firm advertises, each will earn a profit of $2 million. if they both advertise, each will earn a profit of $1.5 million. if one firm advertises and the other does not, the firm that advertises will earn a profit of $2.8 million and the other firm will earn $1 million. a. use a payoff matrix to depict this problem. b. suppose schick and gillette can write an enforceable contract about what they will do. what is the cooperative solution to this game? schick will and gillette will c. what is the nash equilibrium without an enforceable contract? explain why this is the likely outcome. schick will and gillette will acting independently, regardless of the action of its rival, each firm will be better off this leads to joint profits.
i) collusive agreements are hard to reach in the real world because of conflicting interests and communication difficulties
ii) even if they are reached their legal enforceability may be questionable
war is a hex-based totally NES struggle sport wherein the player is a commander who have to lead their forces to victory. The player can earn reputation points by way of occupying cities and airports and destroying units of the opponent's navy; fame points are lost via dropping devices of 1's army in struggle or retreating from battles. The aim of each of the sixteen scenarios is to wreck the enemy's flag tank. the first player controls the blue (Western Bloc) forces at the same time as the laptop (or 2nd player) controls purple (Japanese Bloc) troops.
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you plan to stay in a hotel for one week on your senior trip to cancun, mexico. the total cost is 7000 pesos. with an exchange rate of 11 pesos per dollar, what is the cost of your hotel in u.s. dollars? you plan to stay in a hotel for one week on your senior trip to cancun, mexico. the total cost is 7000 pesos. with an exchange rate of 11 pesos per dollar, what is the cost of your hotel in u.s. dollars? $77,000 $636.36 $823.53 $608.70 $777.77
If you plan to stay in a hotel for one week on your senior trip to cancun, mexico. the total cost is 7000 pesos. with an exchange rate of 11 pesos per dollar, the cost of your hotel in u.s. dollar is: B. $636.36.
How to find the cost?Using this formula to find the cost of your hotel in U.S dollar
Cost = Total cost / Exchange rate
Where:
Total cost = 7,000 pesos
Exchange rate = 11 pesos per dollar
Let plug in the formula
Cost = 7,000 pesos / 11 pesos per dollar
Cost = $636.36
Therefore the correct option is B.
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The package shipping industry is dominated by a few large competitors: US Postal Service, Fedex, and UPS. This is an example of __________.
A. Pure competition
B. Pure monopoly
C. Monopolistic competition
D. Oligopolistic competition
The package shipping industry is dominated by a few large competitors: US Postal Service, Fedex, and UPS. This is an example of Oligopolistic competition.
When a small number of significant manufacturers or sellers own a sizable piece of a market or an entire industry, the situation is referred to as an oligopoly. The desire to maximise profits frequently leads to oligopolies, which can lead to corporate cooperation. Less competition, higher consumer pricing, and lower employee compensation are the results. Numerous industries have been identified as being oligopolistic, including civil aviation, energy providers, the telecommunications sector, rail freight markets, food processing, funeral services, sugar refining, beer production, pulp and paper manufacturing, and auto manufacturing. Most countries have laws that forbid taking anti-competitive action. EU competition law forbids the use of anti-competitive strategies such price-fixing, influencing market supply, and interfering with rival trade.
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How geography and culture might influence the creation of free trade agreements
Answer:
This 'natural' geography of RTAs can be gauged against the actual one to provide an estimation of the economic consequences of a different geography of trade costs, closer to the predicted one. Among the economic determinants of an RTA, one should not miss the presence of global value chains (GVCs).
The primary obstacles to the expansion of international commerce are language and cultural barriers. The expenses of commerce will increase as differences grow.
What is culture?A culture is referred to as a set of beliefs, traditions, values, customs, and rituals, followed by an individual in a community in order to preserve their ancestor's belongings.
An agreement to establish a free-trade zone between the collaborating governments is known as a free-trade agreement under international law.
It aspires to create deeper trade and commercial connections between member nations and to lower or remove some barriers to investment and commerce.
Generally, trade agreements should benefit consumers by lowering trade barriers on foreign goods, increasing product diversity, granting access to higher-quality goods, and lowering prices.
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discuss the major barriers to entry into an industry. explain how each barrier can foster either monopoly or oligopoloy
Because new firms must start out large in order to match the low average manufacturing costs of companies already operating in the sector, scale economies of scale act as an obstacle to entry.
What do firms do?A business is a for-profit enterprise that typically takes the form of a partnership and offers professional services like accounting or legal counsel. According to the philosophy of the firm, businesses exist to increase revenue.
Examples of firmsA individual focus, partnership, a limited liability company, and corporation are examples of firms. This term's broad application means that it cannot be used to describe the legal protections provided by a particular kind of legal entity.
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Chicago consulting, an engineering consulting firm, provided $6,000 of services to a client; the client paid $2,000 when the bill was submitted and will pay the balance within a week. Chicago consulting will record this transaction by:.
Chicago consulting will record this transaction by: Cash is 2000, Fees receivable is 4000 and Fees revenue is 6000.
A transaction is what?A transaction is an agreement that has been legally ratified between a buyer and a seller to exchange money for goods, services, or financial assets. In accounting for businesses, the expression is also commonly used.
How should transactions be used?It's typically a simple process to complete a sale between two parties. For a good or service, Person A provides Person B with payment. The agreement of the terms and the exchange of money for the good or service constitute the completion of the transaction.
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what are the effects of a stock split accounted for as a 100% stock dividend? multiple select question. the number of shares outstanding increases. par value per share stays the same. par value per share decreases. par value per share increases. the number of shares outstanding decreases.
Answer:
The number of shares outstanding increases.
Par value per share stays the same.
Explanation: