Accrued expenses represent a spontaneous form of financing
Indicate whether the statement is true or false
TRUE
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Which of the following indicates that the cost of shipping will be paid by the buyer?
a. COD; b. FOB shipping point; c. FOB destination; d. n/30 . e. none of these.
Abigail signed a contract to purchase a new car from Wolf's Auto Sales Company. The seller breached its agreement by not delivering the car. Abigail went to another car dealer and purchased the same model of car at the same price. Although she had
experienced a legal injury, Abigail has no actual financial or other damages as a result of the breach. If Abigail sues and wins, what type of damages will she be awarded?
What is a value-added tax? Where is this type of tax in wide usage? Why do you suppose this form of taxation has NOT been widely accepted in the United States?
What will be an ideal response?
A reservation of rights is an assertion by a party to a contract that even though a tendered performance is accepted, the right to damages for the nonconformity to the contract is reserved
Indicate whether the statement is true or false