A principal is not bound to contracts made by an apparent agency
Indicate whether the statement is true or false
FALSE
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Sales-force automation software may be used to route calls to a particular sales representative who has previously worked with the customer
Indicate whether the statement is true or false
The following set of items describes activities completed by a company in collecting cash for merchandise sales. For each activity, identify whether or not the activity adheres to or violates sound internal control procedures. A single employee in the mailroom opens the mail, counts the money received, and prepares a control list of the amount received
a. Adheres to sound internal control procedures b. Violates sound internal control procedures c. Neither strengthens nor violates internal control
According to Article 9 of the Uniform Commercial Code (UCC), documents of title include the rights to payment for goods sold or leased or for services rendered that are not evidenced by instruments or chattel paper but are carried on open accounts.
Answer the following statement true (T) or false (F)
What are the three groups of accounts shown on an unclassified balance sheet and define each group?
What will be an ideal response?