What is an acronym?

A) An abbreviation that is pronounced as a word
B) An abbreviation that is pronounced letter by letter

Answer: A

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Which of the following financial statements is a period statement?

A) Statement of cash flows B) Income statement C) Statement of retained earnings D) All of the above E) None of the above

Business

________ says that if a written contract is a complete and final statement of the parties' agreement, any prior or contemporaneous oral or written statements that alter, contradict, or are in addition to the terms of the written contract are

inadmissible in court regarding a dispute over the contract. A) Main purpose exception B) Leading object exception C) Parol evidence rule D) Promissory estoppel

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