Valley Paragliders Association files a suit against Wing Designers, Inc, claiming that the consideration for their contract is inadequate. The court will most likely not examine the adequacy of the considera¬tion if
a. there is a large disparity in the amount of consideration exchanged.
b. the consideration involves the performance of services.
c. something of value passed between the parties.
d. the consideration is worth less than $100.
C
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Office equipment depreciation totaled $1,300 . What is the proper journal entry?
a. Debit Accumulated Depreciation-Office Equipment $1,300, credit Depreciation Expense-Office Equipment $1,300. b. Debit Factory Overhead (Depreciation Expense-Office Equipment) $1,300, credit Accumulated Depreciation-Office Equipment $1,300. c. Debit Depreciation Expense-Office Equipment $1,300, credit Accumulated Depreciation-Office Equipment $1,300. d. Debit Accumulated Depreciation-Office Equipment $1,300, credit Factory Overhead (Depreciation Expense-Office Equipment) $1,300. e. Debit Depreciation Expense-Office Equipment $1,300, credit Office Equipment $1,300.
Bread, gasoline, and ____ are examples of convenience products.
A. cars B. furniture C. newspapers D. large appliances E. a cruise