Article 2 of the UCC does not apply to real estate, because real estate is not a tangible, moveable
good.
Indicate whether the statement is true or false
TRUE
You might also like to view...
Jose is married filing a joint return. In 2019, he earned $160,000 of profit from his sole proprietorship, which operates a service business. The business paid no W-2 wages in 2019 and owns no tangible business property.a. Compute Jose's allowable QBI deduction if his joint return reflects taxable income of $300,000 before the deduction. b. Compute Jose's allowable QBI deduction if his joint return reflects taxable income of $340,000 before the deduction.
What will be an ideal response?
Most firms display the components of cost of sales
Indicate whether the statement is true or false
Moreland Manufacturing Inc Moreland Manufacturing Inc produces and sells stainless steel faucets. In the current year, the company had budgeted for the production and sale of 6,000 faucets but, due to unexpected demand, 7,000 faucets were actually produced and sold. Each faucet has a standard requiring 15 ounces of direct material at a cost of $.40 per ounce and 15 minutes of assembly time at a
cost of $.20 per minute. Actual costs for the production of 7,000 faucets were $41,359.50 for materials (106,050 ounces purchased and used @ $.39 per ounce) and $21,560 for labor (98,000 minutes @ $.22 per minute). Refer to the Moreland Manufacturing Inc information above. Moreland's direct labor rate variance is: A) $2,100 F. B) $1,800 F. C) $1,960 U. D) $ 560 U.
Which defense is a common defense in an intentional tort action?
a. Assumption of the risk b. Contributory negligence c. Comparative negligence d. Consent