Examlex
The following data were taken from the financial statements of Howard Corporation for the year ended December 31,2014:
What was Howard's rate of return on assets for 2014?
Indirectly Benefit
To gain advantage or profit in a secondary way from an action or event not directly involved with one's efforts.
Incidental Beneficiary
A third party who incidentally benefits from a contract but whose benefit was not the reason the contract was formed. An incidental beneficiary has no rights in a contract and cannot sue to have the contract enforced.
Intended Beneficiary
A third party for whose benefit a contract is formed; an intended beneficiary can sue the promisor if such a contract is breached.
Incidental Beneficiary
A non-contracted third party who unintentionally benefits from a contract.
Q7: The going-concern assumption holds that the business
Q11: The International Accounting Standards Board was formed
Q20: Recognizing more bad debt expense in a
Q51: Which of the following characteristics may result
Q60: Bad debts are recognized according to which
Q64: Stratosphere Manufacturing Company sold plant assets at
Q67: All of the following components are shown
Q70: A bond issued June 1,2013,by a calendar-year
Q79: Explain how treatment of gains and losses
Q367: Which of the following is not included