Benson draws up a contract to sell his Mustang GT to his sister for $30,000. Which element of the contract covers the price of the sale?

A. consideration

B. offer

C. acceptance

D. bargain

What are two examples of when credit, if used responsibly, can be positive

Chicago Company reported the following information at the end of the current year Common stock ($10 par value 37,000 shares outstanding $370,000 Preferred stock.

When preparing to conduct business with people from another culture, you should

Toussaint Company issued 10,000 shares of its common stock in exchange for merchandise that it will resell. The merchandise had originally cost the other party $250,000 and had a fair value of $300,000 on the date of the exchange.

Why do you think you are required to take elective courses?

On December 29, 2019, Patel Products, Inc., sells a delivery van that cost $20,000. After recording the entry to bring the accumulated depreciation up-to-date, the delivery van had accumulated depreciation of $18,000.

Wall Drugs offered an incentive stock option plan to its employees. On January 1, 2021, options were granted for 60,000 $1 par common shares. The exercise price equals the $5 market price of the common stock on the grant date.

Altman Corporation is considering investing $75,000 in a new piece of machinery that will generate net annual cash flows of $25,000 each year for the next 5 years. The machine has a salvage value of $8,000 at the end of its 5 year useful life.

External users of financial information: Multiple Choice Are those individuals involved in managing and operating the company. Are not directly involved in operating the company. Make operating decisions for a company.

Bram buys a bulldozer from construction equipment corporation, which he leases to earth movers, inc. in this situation, the lessee is