In determining whether a contract containing both a sale of goods and a service is a UCC contract or general contract, a majority of states follow the predominant purpose test
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
On May 1, Cedar Inc purchases $150,000 of 10-year, Knox Corporation 8% bonds dated March 1 at 100 plus accrued interest. What entry would Cedar record when receiving its semiannual interest on March 1?
If the sum of the debits and credits in a trial balance is not equal, then
a. there is no concern because the two amounts are not meant to be equal. b. the chart of accounts also does not balance. c. it is safe to proceed with the preparation of financial statements. d. most likely an error was made in posting journal entries to the general ledger or in preparing the trial balance.
What are the three major reasons for performing performance appraisals?
What will be an ideal response?
All of the following would be considered private protection programs EXCEPT:
a. company-provided health care b. company-provided life insurance c. a company-provided pension plan d. worker’s compensation e. a guaranteed work program