Contracts of a Ward May Be Ratified by His Guardian

question 37

True/False

Contracts of a ward may be ratified by his guardian during the period of guardianship.

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Definitions:

Price-Earnings Ratio

A valuation metric for a company, calculated as its current share price divided by its per-share earnings.

Market Price per Share

The current price at which a company's shares are being traded on the stock market.

Unusual Items

Financial events that are not typical for the normal business operations and are unlikely to recur, affecting a company's financial statements.

Accounting Principles

Fundamental guidelines or rules that underpin the process of accounting, including concepts like the matching principle, revenue recognition, and historical cost.