Massey Products had a contract to ship parts to a manufacturer in Ukraine. However, Russian forces were controlling the entry of goods into that country and Massey's delivery agent was turned around at the border, and Massey was unable to gain entry into the country. Which of the following statements is correct??
A) ?Massey has breached its contract
B) ?The doctrine of force majeure applies.
C) ?The contract is void.
D) The contract is usurious.
B
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When reconciling a bank account, the company does not have to prepare an adjusting entry for outstanding checks
a. True b. False Indicate whether the statement is true or false
Once a fraudster has gained confidence that the identity theft is working, he or she often takes out a loan using the victim's identity. The most common type of fraudulent loan is for which of the following items?
a. foreign travel. b. purchasing real estate. c. education. d. an automobile.
After a valid deed is delivered from a grantor to grantee, the:
A. title is still not effectively conveyed till witnessed by two people. B. grantee should immediately record the deed. C. interest of a grantor cannot be defeated by third parties. D. grantee should post a "legal notice" in the newspaper.
August, Inc. had the following transactions in 2018, its first year of operations:
• Issued 22,000 shares of common stock. The stock has a par value of $3.00 per share and was issued at $16.00 per share. • Issued 1800 shares of $160 par value preferred stock at par. • Earned net income of $37,000. • Paid no dividends. At the end of 2018, what is total stockholders' equity? A) $677,000 B) $354,000 C) $286,000 D) $640,000