An implied warranty is:
a. illegal in many states
b. one the manufacturer always provides to the buyer in every relationship c. one that the law prohibits from being waived
d. one consumers demand in all contracts e. none of the other choices are correct
e
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Answer the following statements true (T) or false (F)
1. The investing activities section of the statement of cash flows reports cash receipts and payments that increase or decrease long-term liabilities. 2. The financing activities section of the statement of cash flows includes activities that affect current assets and current liabilities. 3. The operating activities section of the statement of cash flows reflects the cash flows that affect current assets and current liabilities. 4. The cash paid for the purchase of equipment will typically be shown in the investing activities section of the statement of cash flows.
If a person acquires legal title to property as a result of fraud, the court may impose a(n) _______ trust on the individual holding the legaltitle
Fill in the blanks with correct word
In the event of liquidation, a(n) _____ has a claim on assets only after the senior debt has been paid off.?
A. ?debenture B. ?income bond C. ?indenture D. ?subordinated debenture E. ?mortgage bond
The external financing required in 2015 will be ________. (See Table 4.5)
A) $230,000 B) $240,000 C) $0 D) $195,000