Mark owns a bar. The bar has a back room where Mark has some slot machines. Mark lets some of his patrons play the machines, and Mark keeps any profits
This type of gambling is illegal where Mark lives. Mark wanted to purchase insurance in case his slot machines were confiscated by the police. Such an insurance contract would not be enforceable. Which requirement needed to form a valid insurance contract is missing?
A) consideration
B) offer and acceptance
C) legal purpose
D) competent parties
Answer: C
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The Interest Expense in the worksheet's unadjusted trial balance column is $3,500. Interest Expense in the income statement column is $9,000. Which of the following entries would have caused this difference?
A) a $9,000 credit to Interest Expense in the worksheet's adjustments column B) a $9,000 credit to Interest Payable in the worksheet's adjustments column C) a $5,500 debit to Interest Expense in the worksheet's adjustments column D) a $5,500 credit to Interest Expense in the worksheet's adjustments column
Identify and discuss key steps when planning persuasive messages
What will be an ideal response?