M & E contracted to sell 500 music stands to Coda, Inc M & E shipped the stands in accordance with the agreement. Coda paid for the stands as promised. The contract between M & E and Coda is discharged by
A) full performance
B) agreement.
C) rescission.
D) accord and satisfaction.
A
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An arrangement in which the shareholders transfer their stock certificates to a trustee who is empowered to vote the shares is known as ________
A) supramajority voting B) voting trust C) cumulative voting D) noncumulative voting
A U.S. company makes a sale to a foreign customer receivable in 30 days in the customer's currency. The sale would be recorded by the U.S. company on the date:
A. Of sale using the foreign currency value. B. Of sale using a projected estimate of the U.S. dollar value at payment date. C. Of sale using the current dollar value. D. When payment is received. E. Of sale using a 30-day average U.S. dollar value.
The CAPM estimates the required rate of return on a stock held as part of a well diversified portfolio
Indicate whether the statement is true or false.
A list of each customer account and the balance owed is a:
A. Schedule of cash receipts. B. Special journal. C. Controlling account. D. Sales ledger. E. Schedule of accounts receivable.