If a repossessed product is sold for more than what is owed by the debtor:
a. the seller is not obligated to return the difference b. the seller is obligated to return the difference
c. the debtor and seller must split the difference
d. the seller must give the debtor at least 50% of the difference e. none of the other choices are correct
b
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Which type of transition indicates that the speaker is moving from one main point to another?
a. internal preview b. section transition c. signpost d. internal summary
The Himalaya Clause says that only persons who are a party to a contract may enforce its provisions
Indicate whether the statement is true or false
Refer to the Shipping Costs for The Allied Motors Company. Solve the transportation problem using Excel Solver. (Remember that in balanced transportation problems all constraints—except the non-negativity constraints of the decision variables—should be set as an equal-to (=) sign in the Excel Solver dialogue.) At the optimum solution, the number of units shipped from Green Bay to Richmond is ______.
a. 527
b. 586
c. 243
d. 433
A company had revenues of $75,000 and expenses of $62,000 for the accounting period. Dividends of $8,000 were paid in cash during the same period. Which of the following entries could not be a closing entry?
A. Debit Revenues $75,000; credit Income Summary $75,000. B. Debit Income Summary $13,000; credit Retained earnings $13,000. C. Debit Retained earnings $8,000, credit Dividends $8,000. D. Debit Income Summary $75,000; credit Revenues $75,000. E. Debit Income Summary $62,000, credit Expenses $62,000.