Larry leaves his hat under the seat at the movie theater. Is this a bailment?
a. No, because the theater manager does not have physical possession of the goods.
b. No, because Larry did not pay the theater to keep his hat.
c. Yes, if the theater manager finds it.
d. Yes, since the theater controls the building.
c
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A) specific city B) statewide C) provincial D) district wise E) country wide
A petty cash voucher only needs to include the date, the payee, and a description
Indicate whether the statement is true or false
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Answer the following statement true (T) or false (F)
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a. Marketable securities b. Material inventory c. Unearned rent income d. Prepaid interest e. Accrued insurance