A material fact is a fact that is irrelevant to the subject matter of a contract but pertains to the conduct of the parties.
Answer the following statement true (T) or false (F)
False
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Barley, Inc sold $30,000 of 8% bonds for $40,200. Each $1,000 bond carried eight rights and each right allowed the holder to acquire one share of $10 par stock for $16 a share. After the issuance of the securities, the bonds were quoted at 104 and the rights were quoted at $4 each. Later, one-half of the rights were exercised. At date of exercise, how much should be credited to Additional Paid-in
Capital? A) $1,320 B) $720 C) $600 D) $2,640
The account Allowance for Uncollectible Accounts is closed at the end of the accounting period
Indicate whether the statement is true or false
Most word processors have a special code that make dashes appear as a solid line, not as ___________
a. scratch marks b. two hyphens c. a wiggly line d. underlining
External logistics systems refer to ______.
a. the collection, transportation, and distribution of goods between suppliers and the plant b. the flow of raw materials between steps in the manufacturing process c. the dispatch of goods from plant to quality control center d. the collection, transportation, and distribution of goods between different work stations inside one manufacturing facility