If a person buys a computer, the sales contract for it would be subject to Article 2 of the UCC
Indicate whether the statement is true or false
TRUE
You might also like to view...
Revenues from marketable securities and investments in securities, interest expense on borrowings, and gains and losses from peripheral activities appear as _____. The firm expects these sources of earnings to continue
a. income from continuing operations b. income, gains, and losses from discontinued operations c. extraordinary gains and losses d. retained earnings e. paid-in-capital
Which of the following types of costs does not appear on a variable costing income statement?
A) direct materials B) direct labor C) fixed factory overhead per unit sold D) variable selling expense E) total administrative expense
A publicity tool frequently used by nonprofit services, which uses free space or time donated by the media, is referred to as a(n)
A. advertisement. B. cooperative advertisement. C. promotion. D. press release. E. public service announcement.
On January 2, 2017, Chabot Sales issues $10,000 in bonds for $10,900
These are 5-year bonds with a stated rate of 4%, and pay semiannual interest. Chabot Sales uses the straight-line method to amortize bond premium. Prepare the journal entry for the first interest payment on June 30, 2017. What will be an ideal response