According to the Code, identification takes place:
A) upon the making of a contract if it is for future goods.
B) when the seller ships, marks, or otherwise designates the goods as those to which the contract refers if the contract is for goods that are already existing and identified.
C) when the crops are planted or start growing if the contract is for crops to be grown within twelve months.
D) when the young animals are born if the contract is for offspring of animals to be born within twelve months.
C
You might also like to view...
Which accounting application is least suited to batch processing?
a. general ledger b. vendor payments c. sales order processing d. payroll
Use the following information about the current year's operations of a company to calculate the cash paid for merchandise. Cost of goods sold$735,000 Merchandise inventory, January 1 84,700 Merchandise inventory, December 31 82,400 Accounts payable, January 1 54,500 Accounts payable, December 31 60,200
A. $737,300. B. $732,700. C. $727,000. D. $726,300. E. $737,700.
During the early years of an amortizing mortgage loan, the lender applies
A) most of the monthly payment to the outstanding principal balance. B) all of the monthly payment to the outstanding principal balance. C) most of the monthly payment to interest on the loan. D) all of the monthly payment to interest on the loan. E) the monthly payment equally to interest on the loan and the outstanding principal balance.
Which type of class represents real-world items?
A) entity B) interface C) abstract D) control