fay is mentally incompetent but has not been so adjudged by a court. any contract fay enters into is voidable if fay has a lucid interval at the time of contracting. voidable if fay lacks the capacity to comprehend the consequences. voidable if the other party does not realize that fay is incompetent. unavoidable.

Each state’s organizational structure is guided by the federal government.true or false?

Yang corporation starts a foreign subsidiary on january 1 by investing 20,000 rand. yang owns all of the shares of the subsidiary’s common stock. the foreign subsidiary generates 40,000 rand of net income throughout the year and pays no dividends. the rand is the foreign subsidiary’s functional currency. currency exchange rates for 1 rand are as follows: lo 10-3 january $0.25 = 1 rand average for the 0.28 = 1 december 0.31 = 1 in preparing consolidated financial statements, what translation adjustment will yang report at the end of the current year? a. $400 positive (credit). b. $1,000 positive (credit). c. $1,400 positive (credit). d. $2,400 positive (credit). hoyle, joe ben; hoyle, joe ben. advanced accounting (page 513). mcgraw-hill higher education. kindle edition.

You are offered a free ticket to see the chicago cubs play the chicago white sox at wrigley field. assume the ticket has no resale value. willie nelson is performing on the same night, and his concert is your next-best alternative activity. tickets to see willie nelson cost $40. on any given day, you would be willing to pay up to $50 to see and hear willie nelson perform. assume there are no other costs of seeing either event. based on this information, at a minimum, how much would you have to value seeing the cubs play the white sox to accept the ticket and go to the game? a. $0b. $40c. $10d. $50