A Fully Performed Contract Is Called A(n)________ Contract

question 9

Multiple Choice

A fully performed contract is called a(n) ________ contract.

• A) executed
• B) mitigated
• C) liquidated
• D) substituted

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Definitions:

Voting Stock

Shares that give the shareholder the right to vote on corporate matters, typically regarding the election of the board of directors.

Net Income

Net income is the total profit of a company after all expenses, taxes, and costs have been deducted from total revenues.

Cash Dividend

A distribution of a company's profits paid to shareholders in the form of cash.