Berman sold her business, including merchandise and fixtures, to Curran. This is a(n)
a. present sale.
b. sale on approval.
c. bulk transfer.
d. auction.
C
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The price of a bag of chips is $1, but a customer is willing to pay up to $3. What would be the consumer surplus on this purchase?
a. $3 b. $1 c. $2 d. $4
Indicate which of the following audit procedures, used as tests of controls, do not involve audit sampling.1. Observing and evaluating segregation of duties.2. Testing of whether sales invoices are supported by authorized customer orders and shipping documents.3. Reviewing entity's procedures for accounting for the numerical sequence of shipping documents.4. Examining sales orders for proper credit approval.5. Recomputing the information on copies of sales invoices.6. Comparing the average days outstanding in accounts receivable with industry averages.
What will be an ideal response?
Define and explain in detail the core human resource functions.
What will be an ideal response?
Novation changes the contractual duties of the substituted party
Indicate whether the statement is true or false