After a New Corporation Adopts a Contract That Was Signed

question 3

True/False

After a new corporation adopts a contract that was signed by the promoter before the corporation was actually formed,the corporation is liable on the contract and the promoter no longer has any liability on the contract.

Grasp the significance of key inventions and technological advancements in the history of mass media.

Recognize the role of mass media in socialization, social control, and the transmission of culture.

Understand the concept of flashbulb memories and identify examples.

Recognize and explain the effect of misinformation on memory accuracy.

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Definitions:

Indirect Method

A technique used in cash flow statement preparation that adjusts net income for the changes in balance sheet accounts to arrive at the cash flow from operating activities.

Cash Flow Statement

A financial report summarizing the total cash income from a company's operational activities and external funding, along with the expenditure on business operations and investments within a specific timeframe.

Operating Activities

Activities that relate to the core business operations of a company, including revenue and expense transactions.

Direct Method

A cash flow statement preparation approach that lists major classes of gross cash receipts and payments.