The Hague and Hague-Visby Rules do not apply to charterparties unless a bill of lading issued by the shipowner comes into the hands of a third party

Indicate whether the statement is true or false


True

Business

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The financial value of a purchase is determined by reviewing the

a. packing slip b. purchase requisition c. receiving report d. supplier's invoice

Business

Answer the following statements true (T) or false (F)

1) When using the FIFO inventory costing method, ending merchandise inventory will be the highest, as compared to LIFO and weighted-average inventory costing methods, when costs are decreasing. 2) When using the LIFO inventory costing method, ending merchandise inventory will be the lowest, as compared to FIFO and weighted-average inventory costing methods, when costs are increasing. 3) When using the specific identification inventory costing method, ending inventory costs depend on which costs are assigned to the inventory sold. 4) Companies can choose between reporting ending Merchandise Inventory using specific identification, FIFO, LIFO, weighted-average, or lower-of-cost-or-market. 5) The lower-of-cost-or-market rule demonstrates accounting conservatism in action.

Business

Using XL Data Analyst, there must be a ________, a unique, short, single-word description for that variable placed in the first row on the Data worksheet

A) value label B) value code C) variable label D) variable code E) value description

Business

John feels that Matt defrauded him in the sale of a used car and wants to sue him. For John to succeed in court he will have to prove that Matt ________.

A. did not know John previously B. made a false representation of a material fact C. acted without scienter D. was secretly working for John's long-time rival

Business