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Green,a Retailer,placed an Advertisement in a Local Newspaper on May

question 81

True/False

Green,a retailer,placed an advertisement in a local newspaper on May 5 that read: "Special Sale! New 16" portable TV set available for sale to the first 10 customers at my store on May 10 at a sale price of $100 each.Regular Price $199.First come,first served!" Doe was the 10th customer in the store on May 10,but Green refused to sell him a TV set for $100.
-Green's advertisement was a valid offer to sell,which Doe accepted by being one of the first 10 customers at the store on May 10,and verbally accepting the offer.


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Medicare Taxes

Taxes deducted from paychecks to fund the Medicare program, which provides health insurance to individuals over 65 or with certain disabilities.

Contingent Liabilities

Liabilities that may arise from past transactions if certain events occur in the future.

Past Transactions

Historical financial activities that have occurred and been recorded within a business.

Defined Contribution Plans

A type of retirement plan in which the employer, employee, or both make contributions to an individual's retirement account, with future benefits depending on the investment's performance.

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