Damages Are Available as a Remedy Where the Misrepresentation Has

question 8

Multiple Choice

Damages are available as a remedy where the misrepresentation has become a term of the contract that is breached, where the misrepresentation is ________, and where there is negligence.

• A) innocent
• B) fraudulent
• C) negligent
• D) material
• E) actionable

Comprehend the measurement and cost principles in accounting.

Recognize different business entities and their characteristics.

Distinguish between the types of businesses and their financial reporting requirements.

Understand the significance of ethical guidelines in accounting.