Agency always requires:
A) A written contract.
B) Both an agent and principal who are adults.
C) Intent by both the principal and agent to be in the arrangement.
D) An identified underlying transaction.
E) Consideration on the part of both the principal and the agent.
C
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Which of the following statements is true?
A) The indirect method and the direct method will produce a different amount of net cash flow from investing activities. B) The indirect method starts with net income and adjusts it to cash provided by (used for) operating activities. C) The direct and indirect methods include different types of cash flows in the investing activities section. D) The indirect method includes all non-cash activities, whereas the direct method includes only the cash activities.
In a negligence lawsuit, parties who were not actually negligent are also liable to the plaintiff
Indicate whether the statement is true or false