Acct 2700 Study guides, Class notes & Summaries

Niether congress nor any state can pass a law that is - Answer-in conflict with the constitution We have a Federal form of government which means that - Answer-the national government and the states share sovereign power State regulatory powers are referred to as - Answer-Police Powers Dormant commerce clause - Answer-The negative aspect of the commerce clause which implies that the states do not have the power to regulate interstate commerce Legal persons vs. natural persons - Answer-natu...

ACCT 2700 / Final / Cochran Exam with Questions and Answers Contract ANSWER -Promise or set of promises for breach of which the law provides a remedy or the performance of which the law in some way recognizes as a duty Why are contracts important to business? ANSWER -Foundation of all business -Critical and vital to success -We use contracts in everyday life Explain the Sanctity of Promises ANSWER -Rooted in our western tradition -Morally important -Economic necessity -Promises in...

ACCT 2700 EXAM 3 {2024} QUESTIONS WITH COMPLETE SOLUTIONS

Test 3- NJ REAL ESTATE Exam Questions with Verified Answers Rated A+ Which of the following is a permitted free offering? o- A. A complimentary home warranty with every listing B. A coupon for a discounted commission on listing services C. A free dinner for attendees at a homebuyers' evening seminar D. Free use of a local moving van for all listings *ANS* C. A Free dinner for attendees at a homebuyers' evening seminar Depreciation usually applies to . A. the building only. B. the l...

These notes are what the professor specifically said were to be on the exam.