In the event of goods damaged through no fault of either the buyer or the seller, the party with control over the goods bears the risk of loss
Indicate whether the statement is true or false
True
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Verilux Company sold merchandise to Flight Corp on November 1, 2014, for $10,000 . Verilux accepted a promissory note from Flight Corp for $10,000 . The note has a term of 5 months and a stated interest rate of 7%. Verilux's accounting period ends on December 31, 2014 . What amount should Verilux recognize as interest revenue on December 31, 2014?
a. $ -0- b. $ 116.67 c. $ 291.67 d. $ 280.00
What is the best answer to the interview question Why do you want to work for us?
A) Because I heard that you pay really well and offer a solid benefits package. B) I really need a job so that I can pay my bills and support my children. C) Everyone says that you treat your employees really well and provide a laid-back work environment. D) Your high-quality products and your commitment to our community are impressive, and I would like to be a part of helping you meet your goals.
A financial advisor who gives advice leading to the filing of a false income tax claim,
cannot be held civilly liable. Indicate whether the statement is true or false
Which of the following is included in Gross Income?
A) interest earned on savings accounts B) rental income on property C) wages and tips D) profit made by an entrepreneur E) all of the above