Ads Are Usually Considered

question 492

Multiple Choice

Ads are usually considered:

• A) invitations for others to submit offers to buy
• B) fully binding contracts
• C) partially binding contracts
• D) express contracts
• E) implied contracts

---

Definitions:

Consolidated Statement

A financial statement that presents the assets, liabilities, and operating results of a parent company and its subsidiaries as one single entity.

Cash Flows

The total amount of money being transferred into and out of a business, providing insights into its operational efficiency and financial health.

Consolidated Net Income

The total amount of net income earned by a parent company and its subsidiaries, presented as a single figure after eliminating inter-company transactions.

Bonds Payable

Long-term debts issued by corporations or governmental units, represented by formal certificates obligating the issuer to pay interest and repay principal at a specified maturity date.