The UCC shifted the emphasis from title to risk of loss because it was often difficult to tell exactly when the title was passed from the seller to the buyer
Indicate whether the statement is true or false
T
You might also like to view...
When a job has been completed, all of the costs assigned to that job are moved to the Cost of Goods Sold account
Indicate whether the statement is true or false
If you find a red-circle rate in a particular pay level, you should probably:
A. not allow the person to get any new raises because they are already being paid too much. B. recheck your figures because you have a miscalculation in your salary computations. C. move the person up to at least the bottom of the pay level for their job. D. broadband the pay scale to put them in the boundary for that job. E. promote the individual because it is obvious that they work harder than others in their department.
"Good" market segments are those that are
A. heterogeneous within. B. operational and substantial. C. substantial all the time. D. international in nature. E. homogeneous between.
The purpose of reversing entries is to:
A. Complete a required step in the accounting cycle. B. Make certain that only permanent accounts are carried forward into the next accounting period. C. Correct errors made in previous journal entries. D. Simplify a company's recording of certain journal entries in the future. E. Ensure that closing entries have been properly posted to the ledger accounts.