In the area of shipment risk, ocean vessels assume
A. none of the risk for the safety of their cargo, except for negligence.
B. exporters will have bought adequate insurance.
C. half of the risk for the safety of their shipment.
D. all the risk for the safety of their cargo.
E. marine environments are usually safe.
Answer: A
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Investments in equity securities include all of the following except
A. common stocks. B. preferred stocks. C. convertible debt. D. put and call stock options.
A company pays $24,000 for twelve month's rent on October 1. The adjusting entry on December 31 is debit Rent Expense, $8,000 and credit Prepaid Rent, $8,000
Indicate whether the statement is true or false
Information systems exist to help people who work in an organization to achieve the strategies of that business.
Answer the following statement true (T) or false (F)