What Is the Best Definition of the Mailbox Rule

question 37

Multiple Choice

What is the best definition of the mailbox rule?

• A)Acceptance of an offer must be on precisely the same terms as the offer.
• B)Users must agree to certain terms and conditions prior to using the product or service.
• C)Acceptance of an offer is generally effective upon dispatch;terminations are effective when received.
• D)Courts follow certain practices when parties to an agreement fail to make provisions for a particular matter.

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Definitions:

Comprehensive Income

The total change in equity for a reporting period other than from transactions with owners.

Trading Investments

Trading investments are securities that a company buys and holds primarily for the purpose of selling them in the near term to generate income.

Unrealized Gains

Unrealized gains are increases in the value of an investment or asset that has not been sold, thus not yet turning the gain into cash.

Significant Influence

The power to participate in the financial and operating policy decisions of an investee but not control those policies, typically through ownership of a substantial share of voting stock.