If You Reversed the Order of Transactions in Your Latest

question 40

Multiple Choice

If you reversed the order of transactions in your latest General Journal Report, the next time you view the report -

• A) the transactions will be displayed in their standard (not reversed) order
• B) the transactions will be displayed in the reversed order
• C) you will need to modify the report options again before you can view the report
• D) you should view the transactions from the home window Recently Viewed Reports pane to see the standard (not reversed) order

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Definitions:

Promissory Estoppel

Promissory estoppel is a legal doctrine that can enforce a promise in the absence of a formal contract when a party has relied on that promise to their detriment.

Consideration

Something of value that is exchanged between parties in a contract, making the agreement legally binding.

Preexisting Contract

A legal agreement that was created and became effective before the current discussion or issue.

Additional Consideration

Extra benefits or compensation provided to one party in a contract to modify or amend the original terms.