From the Above Question,Carl's Response to Ron's Offer Is Considered

question 24

Multiple Choice

From the above question,Carl's response to Ron's offer is considered as a(n) ________.

• A)mirror image rule acceptance
• B)rejection
• C)unequivocal acceptance
• D)counteroffer

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Definitions:

Capital Expenditures

Funds used by a company to acquire or upgrade physical assets such as property, industrial buildings, or equipment.

Net Income

The total profit or loss of a company after all revenues, expenses, and taxes have been accounted for.

Owner's Equity

Owner's equity represents the owner's claim to the assets of a business, calculated as the business's total assets minus its total liabilities.

Salvage Value

is the estimated residual value of an asset at the end of its useful life.