Charlene Hears About a Reward Being Offered by the Local

question 65

Multiple Choice

Charlene hears about a reward being offered by the local television station for information leading to the arrest and conviction of a local rapist. She supplies the requested information and the suspect is then arrested and convicted. In this case:

• A) Charlene cannot collect the money unless the offer was specifically made to her by the station.
• B) the offer by the television station was an offer made to the general public to enter into a unilateral contract, which offer Charlene has accepted.
• C) because Charlene failed to notify the station of her intention to supply the information before actually doing so, she has not accepted their offer.
• D) Charlene was just doing her duty as a citizen and has no right to the payment of any money.

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Definitions:

Trial Balance

A bookkeeping report that lists the balances of all ledgers accounts to check that debits equal credits in the double-entry accounting system.

Debits

Debits refer to an accounting entry that results in either an increase in assets or expenses or a decrease in liabilities or equity on a company's balance sheet.

Ledger

A Ledger is a book or collection of accounts in which account transactions are recorded, classified, and summarized.

Wages Expense

The total cost incurred by a company for paying its employees, including salaries, wages, and other forms of compensation.