Which of the Following Is NOT True

question 99

Multiple Choice

Which of the following is NOT true?

• A)The parol evidence rule does not affect the interpretation of express words already in a contract.
• B)The parol evidence rule does not prevent evidence of oral contracts entered into after the written contract.
• C)The parol evidence rule permits evidence of oral contracts entered into after the parties entered the written contract.
• D)The parol evidence rule excludes evidence of oral contracts entered into after the parties entered into a written contract.
• E)The parol evidence rule excludes terms that were discussed before entering into a contract but were not included in the contract.

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Definitions:

Indirect Method

A way of reporting cash flows from operating activities in the cash flow statement, starting with net income and adjusting for non-cash transactions.

Depreciation

The systematic allocation of the cost of a tangible asset over its useful life, reflecting the decrease in value over time.

Statement of Cash Flows

A financial report summarizing the amount of cash and cash equivalents entering and leaving a company.

Operating Activities

Business transactions and events related to the primary revenue-generating activities of an organization, influencing cash flow.