The words "time is of the essence" can be found in which of the following contracts:
A: Exclusive authorization and right to sell;
B: Real estate purchase contract and receipt for deposit;
C: Grant deed;
D: Option.
Answer: B: Real estate purchase contract and receipt for deposit;
Business
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Which of the following is a cash inflow from an operating activity on a statement of cash flows prepared using the direct method?
A) sold treasury stock for cash B) issued common stock C) received interest revenue in cash D) borrowed money on a long-term note
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