The ________ is the law code promulgated in 1896 that is based primarily on the Corpus Juris Civilis and is characterized by its detailed structure and its technical precision
A. comparative law
B. German Civil Code
C. French Civil Code
D. common law
B
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The following is from Goldman Inc's 2016 income statement. Purchases $172,000 Transportation-In 11,000 Inventory, January 1, 2016 26,500 Inventory, December 31, 2016 28,800 Purchase Returns and Allowances 8,400 How much will Goldman report as cost of goods purchased in its 2016 income statement?
a. $180,400 b. $174,600 c. $183,000 d. None of these choices
The president of a corporation is an example of a corporate officer
Indicate whether the statement is true or false
True or False The number of life insurance policy holders is an example of a discrete random variable
Indicate whether the statement is true or false
Because interest rates have fallen, a company retires bonds which had been issued at their face value of $320,000. The company bought the bonds back at 96.50. The journal entry to record this retirement includes a debit of:
A. $308,800 to Bonds Payable and a credit of $308,800 to Cash. B. $320,000 to Bonds Payable, a credit of $11,200 to Interest Expense, and a credit of $308,800 to Cash. C. $308,800 to Bonds Payable, a debit to Gain on Bond Retirement of $11,200 and a credit of $320,000 to Cash. D. $320,000 to Bonds Payable, a credit of $11,200 to Gain on Bond Retirement, and a credit of $308,800 to Cash.