Which Type of Transactions Must Be Disclosed in the Management

question 33

Multiple Choice

Which type of transactions must be disclosed in the management discussion and analysis?

• A)transactions that significantly affect the firm's leverage
• B)off balance sheet transactions
• C)off income statement transactions
• D)very large transactions
• E)transactions that reduce the firm's net income

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Definitions:

Real Estate Development

The process of purchasing land, financing real estate deals, building or having buildings constructed, and selling or leasing the finished product to end-users.

Express Authority

Is the specific powers granted by a principal to an agent in a contractual agreement to perform certain actions on behalf of the principal.

Disclosed Principal

In agency law, a principal whose identity is known by the third party at the time the agent makes a contract with the third party.

Doctrine of Estoppel

A legal principle that prevents a party from denying or asserting anything to the contrary of what has previously been established as truth.