To Be Enforceable,agreements Must Be in Writing If They Are

question 25

Multiple Choice

To be enforceable,agreements must be in writing if they are for at least:

• A) $100.
• B) $200.
• C) $500.
• D) $1,000.

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Definitions:

Investing Activity

Financial transactions related to an entity's investments in long-term assets, including property, plant, equipment, and securities.

Capital Stock

The total amount of common and preferred shares that a company is authorized to issue, representing the equity ownership of the company.

Dividends

Payments made by a corporation to its shareholder members, usually derived from the company's profits, and distributed proportionally to the amount of shares owned.

Financing Activity

Transactions with lenders or investors that involve borrowing funds, repaying loans, obtaining equity capital, and paying dividends.