A joint effort by businesspersons to obtain legislative action can be exempt from the antitrust laws
Indicate whether the statement is true or false
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A disbursement voucher is designed to reflect formal approval of the voucher for payment and to provide such added data as the account distribution and the amounts to be debited
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Parties are free to include in a contract:
a. a forum selection clause. b. a choice of law clause. c. an arbitration clause. d. All of the above
A company has the following per unit original costs and market values for its inventory. Lower of cost or market is applied to individual items.Part A: 50 units with a cost of $5, and replacement cost of $4.50Part B: 75 units with a cost of $6, and replacement cost of $6.50Part C: 160 units with a cost of $3, and replacement cost of $2.50Under the lower of cost or market method, the total value of this company's ending inventory is:
A. $1,075.00. B. $1,180.00. C. $1,217.50. D. $1,137.50. E. $1,112.50.
On January 6, Year 1, Mount Jackson Corporation purchased a tract of land for a factory site for $1,500,000. An existing building on the site was demolished and the new factory was completed on October 11, Year 1. Additional cost data are shown below:Construction cost of new building$1,760,000 Real estate and attorney fees 15,400 Architect fees 138,000 Cost to demolish old building 133,200 Salvage recovery from old building (11,000)Which of the following are the capitalized costs of the land and the new building, respectively?
A. $1,637,600 and $1,898,000 B. $1,648,600 and $1,887,000 C. $1,515,400 and $2,020,200 D. $1,500,000 and $2,035,600