If a contract in which goods and services are combined is primarily a goods contract, any dispute over it will be decided under the UCC.

Answer the following statement true (T) or false (F)


True

Business

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The effect of a prior period adjustment made to correct an error is similar to a retrospective adjustment required for a change in accounting principle

Indicate whether the statement is true or false

Business

A company's balance sheet shows: cash $22,000, accounts receivable $16,000, office equipment $50,000, and accounts payable $17,000. What is the amount of stockholders' equity?

A. $17,000. B. $105,000. C. $29,000. D. $71,000. E. $88,000.

Business

If an employee is thought to be super loyal to the company, reluctant to change jobs or express dissatisfaction with their employer, and view outsiders as threats they may be categorized as ______.

A. high uncertainty B. low uncertainty C. high ambiguity D. low ambiguity

Business

A not-for-profit organization is granted its legal status by which of the following?

A. State government. B. The courts. C. The city or county in which it resides. D. Federal government.

Business