If a Fully Executory,bilateral Contract Cannot Be Performed Within a Year,it

question 15

True/False

If a fully executory,bilateral contract cannot be performed within a year,it need not be evidenced by writing to be legally enforceable.

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Definitions:

Ledger

A comprehensive collection of a company's financial accounts, recording all transactions and financial activities over time.

Data Transfer

The process of moving or copying data from one device or system to another.

Horizontal Analysis

Horizontal analysis is a financial analysis technique that compares historical financial information over a series of reporting periods.

Income Statement

This document summarizes a company's revenue and expenses to highlight the net profit or loss during a particular period.