Although commercial paper may be either negotiable or nonnegotiable, only ______ fall under the UCC
a. nonnegotiable instruments
b. conditional instruments c. real instruments
d. unconditional instruments
e. none of the other choices are correct
e
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The device used to deliver a message in an advertisement is the:
A) message theme B) appeal C) executional framework D) leverage point
A material gain or loss from debt refunding should be
A) recognized over the remaining life of the old issue as ordinary income or loss. B) recognized in the current period as extraordinary income or loss. C) recognized over the life of the new bond issue as extraordinary income or loss. D) recognized in the current period as ordinary income or loss.
The petty cash payments record indicates classified expenditures as follows: Automobile Expense, $25; Postage Expense, $10; Donation, $40; Miscellaneous Expense, $6 . The journal entry to replenish petty cash would include a
a. debit to Petty Cash for $81; b. debit to Petty Cash Expenses for $81; c. credit to Petty Cash for $81; d. credit to Cash for $81; e. debit to Drawing for $81
Which of the following acceptances is allowed for an offer under common law?
A) mirror image rule acceptance B) open term acceptance C) deposited rule acceptance D) additional terms acceptance