Julio wants to be an effective active listener, so he checks to see if the sender's nonverbal communication fits his or her verbal communication

The _____ contract is generally used in plant and equipment maintenance agreements, where the supplier cannot determine accurate costs prior to the repair service

a. fixed-price with redetermination b. firm fixed price c. cost-sharing d. time and materials e. cost plus fixed-fee

Pursuant to a liquidation, Coral Corporation distributes to Lucinda, a shareholder, land (basis of $90,000, fair market value of $200,000). The land is subject to a $75,000 liability. Lucinda will have a basis of $125,000 in the land

a. True b. False Indicate whether the statement is true or false