The UCC has adopted the common law ‘mirror image' rule
Indicate whether the statement is true or false
False
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A company's weekly payroll amounts to $50,000 and payday for the week is every Friday. Employees work five days per week, Monday through Friday. The appropriate journal entry was recorded at the end of the accounting period, Monday, March 31, 2014 . What amount is wages expense for April for the payday, Friday, April, 4, 2014?
a. $ -0- b. $40,000 c. $10,000 d. $50,000
The same internal control objectives apply to manual and computer-based information systems
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Which of the following is a difference between arbitration and minitrials?
A) The disputants are not represented by legal counsel in a minitrial, unlike in arbitration. B) The parties are more likely to be involved in direct communication during arbitration than in minitrials. C) The neutral party in arbitration is appointed by a court, but they are selected by the disputants in a minitrial. D) The neutral adviser in minitrials provides an opinion on the case, whereas the arbitrator delivers a binding decision.
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