If a checking account customer fails to report a series of forgeries or alterations by the same wrongdoer on the same account within 30 days from receiving the monthly statement of account, then the bank is discharged from liability on all similar
forged or altered checks after that date and prior to notification.
Indicate whether the statement is true or false
TRUE
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On November 1, 2018, Arch Services issued $313,000 of eight-year bonds with a stated rate of 12% at par. Interest payments occur each April 30 and October 31. On December 31, 2018, Arch made an adjusting entry to accrue interest at year-end. What is the amount of Interest Expense that will be recorded on December 31, 2018? (Do not round any intermediate calculations, and round your final answer to the nearest dollar.)
A) $37,560 B) $6260 C) $18,780 D) $783
If the perpetual inventory system is used, the account entitled Merchandise Inventory is debited for purchases of merchandise
Indicate whether the statement is true or false
A production planner can confirm future capacity requirements based on released or planned orders by referring to a(n) ________
Fill in the blank(s) with the appropriate word(s).
Fresh Dairy, Inc, is the offeror and Gelato Ice Cream Company is the offeree under a unilateral sales contract in which Hector's Helado Corporation is also interested. Gelato is not notified of Fresh Dairy's performance within a rea-son-able time. Gelato A) may treat the offer as having lapsed
B) must assume that Fresh Dairy has started to perform. C) must contact Fresh Dairy. D) must notify Hector's.