Which of the Following Statements About Assignments Is True

question 28

Multiple Choice

Which of the following statements about assignments is true?

• A)Parties cannot delegate their duties,regardless of what the contract dictates.
• B)Parties cannot assign their right to receive payment.
• C)Parties cannot assign their right to receive goods.
• D)Parties cannot delegate their duties if the quality of performance may differ.

Understand how net income for a period is determined.

Differentiate between private and public accountants.

Understand the difference between internal and external transactions and their recording.

Be familiar with the process of identification and recording in accounting.

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Definitions:

Fontanels

Soft spots in an infant’s skull that consist of tough membranes that connect to incompletely developed bone.

Skull

The bony structure forming the head, housing the brain and providing protection to it.

Spongy Bones

A type of bone tissue characterized by a porous, honeycomb-like structure, found primarily at the ends of long bones and in the interior of vertebrae, playing a key role in movement and support.

Endosteum

A membrane that lines the medullary cavity and the holes of spongy bone.