A federal law that controlled all states' divorce laws because of the economic impact of divorce would be constitutional
Indicate whether the statement is true or false
False
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Chapin Company purchased investments in 2017 at a cost of $200,000and recorded them as trading securities. Their market values totaled $250,000 and $230,000 on December 31, 2017, and December 31, 2018, respectively. The entry required on December 31, 2018, would include a
A) debit to Unrealized Holding Gain/Loss-Trading Securities of $20,000 B) credit to Unrealized Holding Gain/Loss-Trading Securities of $20,000 C) credit to Unrealized Holding Gain/Loss-Trading Securities of $30,000 D) debit to Unrealized Holding Gain/Loss-Trading Securities of $30,000
Which of the following is not considered a long-term obligation?
A) Contributed capital. B) Deferred income taxes. C) Capital lease. D) Pension liabilities.
The sum of the labor rate and labor efficiency variances will always add up to the total labor variance
Indicate whether the statement is true or false
Which of the following statements is true if substantial performance is proved?
A) The plaintiff must pay the defendant as agreed to in the contract. B) The plaintiff cannot refuse to pay the defendant. C) The plaintiff is entitled to recover the original price that had been agreed upon before the defendant performed. D) The plaintiff is entitled to recover the new price found by taking the median between the plaintiff's demand for recovery and the defendant's claim of the amount of recovery.