When using a perpetual inventory system, which of the following events is an asset use transaction?
A. Paid cash for transportation-out costs
B. Paid cash to purchase inventory
C. Purchased inventory on account
D. Paid cash for transportation-in costs
Answer: A
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Which of the following is true of the display of warranty disclaimers?
A) It can be implied as an understanding between the buyer and seller. B) It should be conspicuous and noticeable. C) It need only be present in the contract. D) It must be published in the local newspaper before actually being displayed.
Describe the factors involved in communicating useful financial information.
What will be an ideal response?
Agents are used in business channels for standardized products and in situations in which information gathering and selling functions are important.
Answer the following statement true (T) or false (F)
In preparing answers for written interrogatories, a defendant may:
a. not look up information in files b. talk to an attorney c. refuse to answer any questions deemed "offensive" d. ask the trial judge to interpret questions that are unclear e. none of the other choices are correct