Cash is another term for retained earnings
Indicate whether the statement is true or false
F
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Which of the following is an internal event (transaction)?
a. Life guard salaries are paid by a swim club. b. Dividends are distributed to shareholders. c. Eggs used to make omelets in a restaurant are purchased. d. None of these choices.
In a sale of oranges from Citrus Farm to Juice Factory Inc. to be delivered after the harvest, a fire destroys the fruit before it is picked. Under the UCC, the rights and liabilities of Citrus and Juice in this circumstance are generally determined by
A. the right of ownership. B. who has title. C. the concepts of identification and risk of loss. D. all of the choices.
Assume that a salesperson has asked a prospect to buy three cases of Easter candy and the prospect responds with a stalling objection. The salesperson should then:
A. present the benefits of purchasing now. B. agree and leave. C. use a trial close. D. close again and test the reaction. E. restart the presentation.
People who picket on the public sidewalks in front of the homes of doctors who perform abortions with signs saying "Abortion is Wrong" can be
A) liable for trespass B) liable for nuisance C) liable for defamation D) liable for battery E) liable for assault