Ratification Can Occur in Which of the Following Ways

question 12

Multiple Choice

Ratification can occur in which of the following ways?

• A) Through express language
• B) As implied from conduct
• C) Through failure to make a timely disaffirmance
• D) All of these.

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Definitions:

Yen

The official currency of Japan, represented by the symbol ¥.

Prepaid Expenses

Payments made for goods or services to be received in the future, considered an asset because they provide future economic benefits to the company.

Business

An organization or enterprising entity engaged in commercial, industrial, or professional activities, either for-profit or nonprofit.

Supplies

Supplies refer to items used in the regular operation of a business that are not directly part of finished goods.