A buyer may revoke acceptance only if:
a. the non-conformity completely destroys the value of the goods and she had a legitimate reason for the initial acceptance.
b. the non-conformity substantially impairs the value of the goods and she had issued a conditional acceptance.
c. the non-conformity substantially impairs the value of the goods and she had a legitimate reason for the initial acceptance.
d. the non-conformity is not curable and she had not accepted the goods when delivered.
c
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Use the incomplete stockholders' equity section of Box Company's balance sheet as of December 31, 2015, to answer the following question. Common stock, $7 par, 100,000 shares authorized $ 700,000 Additional paidÂin capital—common 160,000 Retained earnings ? Treasury stock (2,000 shares at cost) (16,000) Total stockholders' equity 974,000 How many shares of common stock are outstanding?
a. 100,000 b. 98,000 c. 78,000 d. 68,000
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