Which of the following is a stated purpose of Article 2 of the UCC?
a. to simplify the law governing real estate transactions
b. to free up the courts from having to decide on contract issues
c. to make the laws governing sales uniform among the various jurisdictions
d. to come up with a boilerplate form to be used in all sales transactions
c
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No journal entry is made on the dividend declaration date
Indicate whether the statement is true or false
When would a company be likely to call its preferred stock?
A. If it decides it would rather have corporate bonds B. When it needs additional long-term financing C. As the preferred stock matures and must be redeemed D. When the call premium becomes high enough to justify the call E. When it can issue new common stock to replace the preferred stock
Noncumulative zoning permits higher uses in lower?zoned areas
Indicate whether the statement is true or false
GI Designs, a copper furniture manufacturer, increased the price on its copper tabletops by 20 percent for three months to see what the effect would be on its sales. The change in sales is the ________ in this three-month experiment.
A. independent variable B. constraint C. dependent variable D. control E. decision task