Bev Indicates That She Is Acting as an Agent on Behalf

question 134

Multiple Choice

Bev indicates that she is acting as an agent on behalf of an unidentified client-Cuisine LLC-when she enters into a contract with Diners Bistro. Cuisine is

• A)a disclosed principal.
• B)an apparent agent.
• C)an undisclosed principal.
• D)a partially disclosed principal.

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Definitions:

Consolidated Balance Sheet

A financial statement presenting the total assets, liabilities, and shareholders' equity of a parent and its subsidiaries as one single entity.

Currency Exchange Rates

Currency Exchange Rates are the rates at which one currency can be exchanged for another, influencing international trade and investments.

Depreciable Assets

Long-term assets whose cost is gradually allocated over their useful life, reflecting a decrease in their value.