On December 1, 2018 a company bought a call option costing $100,000 as a speculative investment. The call option gave the company the right to purchase 100,000 barrels of oil for $110 per barrel during April 2019. As of December 31, 2018 the call option had a value of $125,000. The company liquidated the call option on April 15, 2019 in exchange for $175,000. Which of the following accurately describes GAAP accounting for this call option?

i think the answer is true

the answer is the petition of right.

explanation:

offer to of right, real demand of attesting a benefit against the english crown, the most remarkable point of reference being the petition of right of 1628, which parliament sent to charles i fussing of a movement of oversteps of law. the term also implied the framework (invalidated in 1947) by which a subject could sue the crown.   taking a gander at the frameworks used by maria amidu to make a standard in 2015 commending the 1628 petition of right, which was sent to charles i by the english parliament. at uniquely based law the crown, or the sovereign in his official cutoff, couldn't be sued in the ruler's courts. since the ruler was, really, the superior ace of those courts, coordinating value in them between his subjects, he was not subject to their ward. therefore it transformed into a preparation, at whatever point a subject's certified or individual property had come into the responsibility for ruler or his specialists without legitimate perfect, for the subject to engage the master in chamber for its recovery.

answer; repetitive thoughts; ritualistic behaviors;