The completed-contract method recognizes gross profit over the life of the contract

Melbourne didn't have much success with his video store, so he changed his product line and became an adult bookstore. His landlord was not so happy and asked him to vacate. Melbourne should have considered the __________________ clause in his lease.

a. Leasehold improvements b. Use of premise c. Non-compete d. Hours of operation

Why are corporations defined as "entities"?

(A) Because they sell about 90 percent of the products sold in the United States. (B) Because they have a legal identity separate from those of their owners. (C) Because they may merge in various ways. (D) Because they require a certificate of incorporation.