To satisfy the Statute of Frauds under UCC Article 2 there must be:
a. some basis for believing that the parties made a contract of the sale of goods
b. a legal document signed by both parties to the contract and witnessed by a judge c. a verbal agreement
d. a notarized document detailing all details of the sale and contract e. a full description of all goods involved in the sale
a
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On January 1, 2014, the Accounts Receivable and the Allowance for Uncollectible Accounts for Darius Company carried balances of $20,000 and $550 respectively. During the year, the company reported $70,000 of credit sales. There were $400 of receivables written off as uncollectible in 2014 . Cash collections of receivables amounted to $74,700 . The company estimates that it will be unable to
collect 5% of the year-end accounts receivable balance. The amount of bad debts expense recognized in the 2014 income statement will be: a. $545 b. $595 c. $745 d. $795
Which of the following is a true statement about the steps in the marketing research process?
A) The research design should be determined before the problem is defined. B) The last step is to analyze and interpret the data. C) The first step is selecting a method of data collection. D) The first step is defining the research problem. E) The data must be collected before the sample can be designed.
The measurement of deferred tax liabilities and assets under international accounting standards requires the use of
a. current-year tax rates; use of future-years' tax rates even though enacted is prohibited. b. currently-enacted tax rates for future years.. c. currently-enacted tax rates for future years and future tax rates that have been announced by the government but have not yet been formally enacted into law d. tax rates in effect when the temporary difference originated.
In pursuing their freedom under the First Amendment, media have increasingly done all the following EXCEPT ________
A) played the role of skeptic B) regularly challenged authority with pointed, nasty, even hostile questions C) avoided constitutional conflicts D) independently sought the truth