Specific performance is available when the subject matter of the contract is unique
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
A new partner contributes accounts receivable to a partnership which appear in the ledger of his sole proprietorship at $20,500 and there was an allowance for doubtful accounts of $750 . If $600 of the accounts receivables is completely worthless, the partnership accounts receivable should be debited for $19,900
a. True b. False Indicate whether the statement is true or false
The data below is for Music Corporation for 2015. Accounts receivable - January 1, 2015 $236,000 Credit sales during 2015 820,000 Collections from credit customers during 2015 590,000 Customer accounts written off as uncollectible during 2015 8,000 Allowance for doubtful accounts - January 1, 2015 8,700 Estimated uncollectible accounts based on an aging analysis 9,600 Refer to the data for Music
Corporation. What is the balance of Accounts Receivable at December 31, 2015? a. $336,000 b. $448,400 c. $458,000 d. $466,000
In February, one of the processing departments at Brandstetter Corporation had beginning work in process inventory of $24,000 and ending work in process inventory of $18,000. During the month, the cost of units transferred out from the department was $249,000. The company uses the FIFO method in its process costing system. In the department's cost reconciliation report for February, the costs added to production in the department would be:
A. $255,000 B. $225,000 C. $231,000 D. $243,000
A ________ is a repository of customer information that records all contacts that a customer has with a firm and generates a customer profile available to everyone in the firm with a need to know the customer.
A. customer service chat system B. CRM system C. data warehouse D. transactive content system