Financing statements, having been filed, perfect the creditor's security interest
Indicate whether the statement is true or false
T
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Salmone Company reported the following purchases and sales of its only product. Salmone uses a perpetual inventory system. Determine the cost assigned to ending inventory using LIFO. DateActivitiesUnits Acquired at CostUnits Sold at RetailMay 1Beginning Inventory330 units @ $18 5Purchase310 units @ $20 10Sales 230 units @ $2815Purchase190 units @ $21 24Sales 180 units @ $29
A. $8590 B. $7750 C. $16,130 D. $7540 E. $8260
The real owner cannot reclaim goods from a good faith purchaser
Indicate whether the statement is true or false
As a sender of a message, it is important to consider the age and economic level of the receiver of the message
Indicate whether the statement is true or false
Which of the following would be a breach of the implied warranty of merchantability?
A)A knife that cuts its user when slicing a bagel B)A radio that does not pick up FM signals C)A match that burns a spot in the carpet when accidentally dropped D)A dress watch that does not keep accurate time after getting wet