Which of the following is not an element required for an easement by prescription??
A) Prior unity in ownership
B) Use for the prescriptive period
C) Adverse use
D) Apparent use
E)?All of the above are required
A
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The data presented below is for Mellon Corporation for the year ended December 31, 2015: Sales (100% on credit) $1,500,000 Sales returns 60,000 Accounts Receivable (December 31, 2015) 250,000 Allowance for Doubtful Accounts (Before adjustment at December 31, 2015) 3,000 Estimated amount of uncollectible accounts based on an aging analysis 31,000 Refer to the data for Mellon Corporation. If Mellon
estimates its bad debts at 2% of net credit sales, what amount will be reported as bad debt expense for 2015? a. $25,800 b. $27,000 c. $28,800 d. $30,000
Cost-volume-profit analysis cannot be used to estimate a targeted profit for service businesses
Indicate whether the statement is true or false
Discount promotions are deals that reduce the cost of the product to the retailer or help defray advertising expenses
Indicate whether the statement is true or false
Who among the following is most likely not considered a merchant according to Article 2 of the UCC?
a. Jim who owns a wholesale auto parts business. b. Tom who, as a hobby, builds and sells birdhouses on the weekends. c. Kay who sells her 3-year-old fishing boat to her neighbor. d. Jan, who is not knowledgeable about selling sailboats, but who employs an experienced expert in the trade.