If a consumer brings suit against the manufacturer, the retailer is relieved of its responsibility for the fitness and merchantability of the goods.
Answer the following statement true (T) or false (F)
False
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An adjusting entry could not consist of:
a. A debit to a liability and a credit to revenue. b. A debit to an expense and a credit to a liability. c. A debit to an expense and a credit to an asset. d. A debit to an expense and a credit to revenue.
Environmental scanning entails all information gathering designed to detect changes in the external operating environment of the firm.
Answer the following statement true (T) or false (F)
Vector Corporation has been using an incorrect method in accounting for supplies expense. It can change to the correct method without filing 3115.
Answer the following statement true (T) or false (F)
Some words can be adjectives or adverbs, depending on their position in the sentence
Indicate whether the statement is true or false