A novation is

A) an assignment
B) a new contract
C) a new party added to an existing contract
D) an exception to the privity rule
E) a new term added to a contract

B

Business

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A business pays cash for dividends. Which of the following accounts is credited?

A) Common Stock B) Dividends C) Cash D) Retained Earnings

Business

Having a great technology guarantees that a company will have many customers

Indicate whether the statement is true or false

Business