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An Essential Element of a Contingency Contract Is That

question 30

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An essential element of a contingency contract is that:


Definitions:

Dividend

Money dispensed by a corporation to its owners/shareholders, generally from the company's earnings.

Investment Income

Income coming from interest payments, dividends, capital gains, and other profits made through an investment.

Associated Companies

Companies that are connected through common ownership or control but aren't subsidiaries or fully owned entities of the parent company.

Equity Method

An accounting technique used by companies to record and report their investments in other companies based on the level of control and influence they have over the company.

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