Which of the Following Is True Regarding Harry's Assertion That

question 53

Multiple Choice

Which of the following is true regarding Harry's assertion that the statute of frauds is left unsatisfied because he did not sign the document at the end?

• A) Harry is correct.
• B) Harry is incorrect because while the statute of frauds would require his signature on the document, there is no requirement that the signature be at the end.
• C) Harry is incorrect because the statute of frauds did not require his signature so long as the selling price was referenced.
• D) Harry is incorrect because the statute of frauds did not require his signature so long as the type of subject matter involved was referenced.
• E) Harry is incorrect because the statute of frauds did not require his signature so long as the parties were clearly identified.

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Definitions:

Entity Method

A consolidation approach in financial accounting where the parent and subsidiary's financial statements are combined as if they were a single entity.

Gross Margin

The difference between revenue and cost of goods sold, which shows the profitability of a company's core activities.

Inventory

The total value of all the goods that a company has in stock and intends to sell.

Non-Controlling Interest

The share of a subsidiary's equity that is not, either directly or indirectly, credited to the parent company.