Building Restoration,Inc

question 39

Multiple Choice

Building Restoration,Inc.(BRI) ,enters into a contract to refurbish an old train depot for Casual Dining,Inc.,which plans to open Eat Up Restaurant in that location.If BRI completes most of the work promised in the contract,its performance will be

• A)absolute.
• B)complete.
• C)material.
• D)substantial.

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Definitions:

Accountant-Client Privilege

A legal privilege that keeps confidential communications between an accountant and their client protected from disclosure without the client's consent.

Testify

To give a formal statement of fact or evidence in a court of law, or in a legislative or administrative proceeding.

Disclaimer

A declaration intended to exclude legal responsibility and avoid the possibility of civil litigation for specific actions or neglect.

GAAP

Generally Accepted Accounting Principles, which are a collection of commonly-followed accounting rules and standards for financial reporting.