A cancellation made by mistake is not effective
Indicate whether the statement is true or false
True
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Trial close is generally used before answering an objection.
Answer the following statement true (T) or false (F)
_____ arise from relatively infrequent transactions, and there can be no assurance that they will recur in any future period
a. Gains/Losses b. Revenues c. Expenses d. Assets e. Liabilities
Which of the following statements is True?
a. When the product is completed and transferred to finished goods, the WIP account is debited. b. When the product is sold on credit, two accounts are debited. One of those is accounts receivable and the other is finished goods. c. When an item is sold for cash, two accounts are credited. One of them is sales and the other is COGS. d. None of the above statements is true.
Under the theory of __________, a company can be held liable for violations of __________ law by its employee, even if a manager told the employee not to violate the law
a. vicarious liability, civil b. aided-in-the-agency, civil c. vicarious liability, criminal d. disclosure of principal, civil