Which of the following statements is FALSE? In a bill of lading
A) is a receipt showing a transportation company has goods to be delivered
B) usually include a term that limits the liability of the transportation company
C) courts no longer require that the bill of lading be signed to be valid
D) are governed by federal and provincial statutes
E) require that adequate notice has to be given to the customer for an exemption clause to be effective
E
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The supply-side measurement method focuses on potential exposure to the brand by assessing the extent of media coverage, and the demand-side method focuses on exposure reported by consumers
Indicate whether the statement is true or false
Both diversified companies and conglomerates operate in a single, well-defined industry
Indicate whether the statement is true or false
Which of the following is not true regarding the revenue-expense approach to defining accounting elements?
a. The revenue-expense approach defines assets and liabilities as a by-product of revenues and expenses. b. Under the revenue-expense approach, the balance sheet is burdened with by-products of income measurement rules. c. Deferred charges and deferred credits are ambiguous debits and credits that appear on the balance sheet under the revenue-expense approach. d. There are very few examples of the use of the revenue-expense approach in recent accounting standards.
The transaction costs of completing a business agreement or deal of some sort, over and above the price of the deal, can include all of the following except
A. the costs of searching for an attractive target. B. the premium cost. C. the costs of evaluating its worth. D. the costs of completing the transaction. E. bargaining costs.