A(n) ________ warranty is one that automatically arises out of a transaction
A) express
B) implied
C) limited
D) impact
B
You might also like to view...
Capital resulting from the retention of earnings should be entered in an account with an appropriate title such as
a. Retained Earnings. b. Appropriated Retained Earnings. c. Earnings Retained in the Business. d. Capital Stock.
When you solve a problem systematically, you react immediately and instinctively, without following a particular procedure. _________________________
Answer the following statement true (T) or false (F)
Compensatory damages compensate a party injured by a breach of contract by punishing the party that breached the contract
Indicate whether the statement is true or false
If a firm purchases $1,000 of inventory on credit, this should have the following change on the balance sheet:
A) a $1,000 decrease in inventory and a $1,000 increase in retained earnings. B) a $1,000 increase in inventory and a $1,000 decrease in cash. C) a $1,000 increase in inventory and a $1,000 increase in accounts payable. D) a $1,000 increase in inventory and a $1,000 increase in equity.