Sigrud buys spiked mountain-climbing shoes from Rockridge Gear store, telling the clerk that she wants the shoes to climb Mount Sharptop. The spikes come out of the shoes when Sigrud is on the side of the mountain, causing her to be injured in a fall. Rockridge most likely breached
A. an express warranty.
B. an implied warranty of fitness for a particular purpose.
C. an implied warranty of merchantability.
D. a warranty of title.
Answer: B
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If a company uses a factory overhead ledger, at the end of the month, an accountant should:
a. close the accounts in the factory overhead ledger to Work in Process. b. total the accounts in the factory overhead ledger and compare the total to the balance in the Factory Overhead control account. c. prepare a schedule of fixed costs. d. All of the above are true.
Which one of the following is not one of the means of records disposition?
A. Digitizing B. Transferring C. Microrecording D. Archiving
An instance for communicating bad news directly is when
A) People's health or safety is at risk. B) It will affect many stakeholders. C) It is easily explained. D) All of the above. E) B and C.
A company owes its employees $5,000 for the year ended December 31. It will pay employees on January 6 for the previous two weeks' salaries. The year-end adjusting entry on December 31 will include a debit to Salaries Expense and a credit to Cash.
Answer the following statement true (T) or false (F)