Accumulated Depreciation is classified as a(n):
A. expense account.
B. liability account.
C. stockholders' equity account.
D. contra-asset account.
Answer: D
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Robin, task force chair, tells team member Aaron "your proposed solution to this problem is great." Robin's probable metacommunication to Aaron is
a. "You are the most intelligent member of this task force." b. "Your idea is really not that good.". c. "You have previously expressed weak ideas.". d. "You have expressed consistently good ideas.".
If a sales contract requires or authorizes the seller to ship goods by carrier, when does the risk of loss pass to the buyer if the contract does not require delivery at a particular destination?
a. At the time the goods are properly delivered to the carrier. b. At the time the carrier tenders the goods to the buyer. c. At the time the contract is initially entered into. d. Not until the buyer has received the goods and had a chance to inspect them.
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A. Increase $225 B. Decrease $475 C. Decrease $225 D. Increase $875
Trudy wishes to buy a national franchise. What information is the seller legally required to provide before she buys the franchise?