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Contracts that have been executed on one side

a.can be rescinded only if the party who has performed receivesconsideration to call off the deal.

b.are deemed to be completely unexecuted.

c.cannot be amended.

d.can only be amended by the party who has executed thecontract.

burgundyminnow970

Commander Company was established at the January 1,2007 when several investors paid a total of $200,000 to purchaseCommander stock. No additional investments in stock were madeduring 2007. By December 31, 2007, Commander had cash on hand of$45,000, office equipment of $40,000, inventories of $156,000, andaccounts payable of $10,000. Sales for 2007 were $76,000. Of thisamount, customers still owed $20,000. Commander Company declaredand paid dividends of $25,000 to its investors.

Required: Based on the information above, prepare abalance sheet for Commander Company at December 31, 2007

maroonsheep878

Which best describes the difference between general and job overhead costs?

a. General overhead costs that are incurred regardless of whether a project is being executed. These are the costs associated with operating the construction company. Conversely, job overhead is the administrative costs directly associated with the execution of a specific project.

b. General overhead costs that are incurred after a project is being executed, job overhead is the administrative costs directly associated with the execution of a specific project. These are the costs associated with operating the construction company.

c. General overhead costs that are incurred regardless of whether a project is being executed. These are the costs associated with operating the owner's new facility. Conversely, job overhead is the administrative costs directly associated with the execution of a specific project.

d. None of these.

jadeduck992

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