A Firm Offer Can Be Best Defined As

question 18

Multiple Choice

A firm offer can be best defined as:

• A)an offer that cannot revoked for a reasonable time if no time is stated.
• B)an offer that becomes invalid if payment is not made to the offeror.
• C)a written document which has a seal in place of the merchant's signature.
• D)a verbal promise to hold an offer open.

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Definitions:

Adjusting Journal Entry

An accounting record made at the end of a period to allocate income and expenditures to the appropriate accounting period.