A minor may disaffirm an insurance contract, but may only be able to demand the unearned premium for the unexpired portion of the policy
Indicate whether the statement is true or false
True
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Which of the following terms is closely related to destination contracts?
A. Ex-ship B. C&F (cost and freight) C. FAS (free alongside) D. CIF (cost, insurance, and freight)
Describe the challenges faced by work unit/team incentives.
What will be an ideal response?
Delivery expense is reported as part of general and administrative expense in the seller's income statement.
Answer the following statement true (T) or false (F)
A company purchased a three-acre tract of land for a building site for $350,000. The company demolished the old building at a cost of $12,000, but was able to sell scrap from the building for $1,500. The cost of title insurance was $900 and attorney fees for reviewing the contract was $500. Property taxes paid were $3,000, of which $250 covered the period after the purchase date. The capitalized cost of the land is:
A. $364,650. B. $231,150. C. $366,400. D. $366,150.