The account "Warranty Liability":
A. is credited each time a warranty repair is made.
B. is closed at the end of the year.
C. has a year-end credit balance equal to the cost of warranty repairs made during the year.
D. is adjusted at the end of the year.
Answer: D
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If Carol, acting as agent for Steve, signs a contract, she alone will be personally bound by it:
A) if Steve's name or the fact that Carol is an agent is never mentioned and Steve does not carry out the contract. B) never; as an agent she is only a representative. C) if she decides to sue. D) if Steve is discovered by the third party to be the principal and the third party elects to hold him liable for performance.
The decision of an administrative law judge can be appealed to the agency heads
Indicate whether the statement is true or false
Target Price + Allowable Cost = Profit Target
Indicate whether the statement is true or false