Which of the following is NOT true concerning the requirements for an effective assignment?
A) The assignment must be voluntary.
B) Consideration is required.
C) There must be an intention to make the assignee the owner of the right.
D) The assignment may be either written or oral.
B
Business
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Under which section of the balance sheet is "cash restricted for plant expansion" reported?
a. Current assets. b. Non-current assets. c. Current liabilities. d. Stockholders' equity.
Business
With $1.5 million in an account expected to earn 8% annually over the retiree's 30 years of life expectancy, what annual annuity can be withdrawn, beginning today?
A) $112,148.50 B) $120,000.00 C) $133,241.15 D) $123,371.44
Business