If beginning inventory is $80,000 and ending inventory is $10,000, the balance of the merchandise inventory account after adjustments will be $70,000
a. True
b. False
Indicate whether the statement is true or false
False
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Difficult customers should be ignored until their attitude improves
Indicate whether the statement is true or false
Mike entered into a contract with Coins-R-Us to purchase a rare coin. When Mike tendered payment, Coins-R-Us refused to perform. If requested, the court will grant:
a. reformation. b. specific performance. c. restitution. d. punitive damages.
Trein, Inc. entered into a one-year, $1 million contract with Mia, a sports celebrity, to promote Trein's products. E-presto Inc., a competitor of Trein, was interested in having Mia promote its products but knew of her contract with Trein. E-presto offered Mia a three-year, $5 million contract. Mia left Trein and signed with E-presto. If Trein sues E-presto for tortious interference with a contract, E-presto
A. will be able to establish a justification since E-presto was acting to protect an existing economic interest. B. will be able to establish a justification because, in talking to Mia, E-presto was exercising its First Amendment freedom of speech. C. will be able to establish a justification because to decide otherwise would subject Mia to involuntary servitude. D. will not be able to establish a justification.
The discharge of certain student loans is excluded from income if all of the following are present except for
A. the loan forgiveness is based on age. B. the loan must have been made by governmental, educational, or charitable organizations. C. the loan proceeds must have been used to pay the cost of attending an education institution or used to refinance outstanding student loans. D. the loan forgiveness must be contingent upon the individual's working for a specified period of time in certain professions.