The statute enacted by Congress which makes electronic records and signatures valid and enforceable for many transactions affecting interstate or foreign commerce is the:
A) UETA.
B) UCC, Article 2E.
C) Electronic Signatures in Global and National Commerce Act.
D) Interstate and Foreign Commerce Electronic Transactions Act.
C
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Answer the following statements true (T) or false (F)
1.Bonded warehouses and foreign trade zones have the effect of allowing domestic importers to prorate their input duties over time. 2.A country whose imports of a product constitute a very small portion of the world market supply of that product is a price taker. Thus, this country faces a constant world price for the imports of this product. 3.Graphically, consumer surplus is the area above the demand curve and below the product's market price. 4.Producer surplus is the revenue producers receive over and above the minimum necessary for production. 5.For a "small" country, a tariff raises the domestic price of an imported product by the full amount of the tariff. a. True
The following information relates to the Stork Company: Paid note payable $ 150 Bought equipment 1260 Depreciation expense 1,500 Net income 5,000 Paid dividends 500 Issued bonds payable 1,100 Issued common stock 900 Sold land 3,400 ? What is the net cash provided by financing activities?
A) $1,350 B) $1,850 C) $2,350 D) $5,850
Cutter Company, a distiller of liquors, ages its whiskeys for approximately 10 years. The firm must pay the costs to produce the whiskey and to store it during the aging process. Using the whiskey as collateral, Cutter could borrow to finance the costs incurred during the aging process; doing so would, however, lead to Cutter reporting increased liabilities. Instead, Cutter sells the whiskey to a
bank and agrees to oversee the aging process on the bank's behalf. At the completion of the aging, Cutter assists the bank in finding a buyer but is not responsible for ensuring that a sale occurs at a specific price, or at all. Under this arrangement, the bank bears the risk of changes in selling prices for the whiskey. Cutter will probably treat this transaction as a(n) a. executory contract, with no incremental debt on the balance sheet. b. financing arrangement, with incremental debt on the balance sheet. c. financing arrangement, with no incremental debt on the balance sheet. d. sale, with no incremental debt on the balance sheet. e. sale, with incremental debt on the balance sheet.
While collecting data from secondary sources, a useful, efficient practice is to—
a. record notes fordataslightly related to your research topic. b. record notes for quotations you may want to use . c. recordreferencesfor data you are likely to use in a report. d. recordreferences for all the data you collect.