A company generally classifies securities as available-for-sale when it plans to actively buy and sell securities with the objective of generating a gain on the sale

Indicate whether the statement is true or false.

Answer: FALSE

Business

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What is the difference between institutional advertising and advocacy advertising?

What will be an ideal response?

Business

A promise lacks consideration if a person promises to perform an act or do something he or she is already under an obligation to do. This is called a(n) ________

A) illegal consideration B) preexisting duty C) gift promise D) illusory promise

Business