If an agent neglects to include the principal's name on a contract, only the ____________________ is bound by the contract

A Venn diagram depicting two circles that do not overlap or touch in any way represents events that are ________

Fill in the blank with correct word.

A corporation has decided to replace an existing machine with a newer model. The old machine had an initial purchase price of $35,000, and has $20,000 in accumulated depreciation

If the 40% tax rate applies to the corporation and the old asset can be sold for $10,000, what will be the tax effect of the replacement? A) No effect B) Loss of $2,000 C) Refund of $2,000 D) Loss of $4,000