The CISG supersedes the UCC in any situation to which either could apply

Indicate whether the statement is true or false


True

Business

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On September 1, 2018, Tri-Cities Company borrowed $125,000 by signing a nine-month, 7.2% note payable. Prepare the journal entry to accrue interest expense on December 31, 2018. Omit explanation.

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Business

The accountant for TI Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available:    Retained earnings balance at the beginning of the year$161,000?Cash dividends declared for the year 50,000?Net income for the year 97,000?What is the ending balance for retained earnings?

A. $111,000. B. $258,000. C. $208,000. D. $279,000. E. $14,000.

Business

Purchases of direct material for May were $105,000, while expected purchases for June and July are $120,000 and $134,000, respectively. All purchases are paid 75% in the month of purchase and 25% the following month. Calculate the budgeted payments for the month of June.

A) $116,250 B) $108,750 C) $120,000 D) $30,000

Business

The work cell layout, a special arrangement of machinery and personnel to focus on the production of a single product or group of related products, is for manufacturing applications and has no relevance to services

Indicate whether the statement is true or false

Business