An express warranty is created when the seller does or says something that induces the customer to buy the product
Indicate whether the statement is true or false
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How you see yourself in relation to ______ guides and modifies your behavior.
Fill in the blank(s) with the appropriate word(s).
You want to know whether selling and administrative expenses were reasonable for the past year, based on the level of sales. The best analysis for obtaining this information is:
a. trend analysis b. vertical analysis c. horizontal analysis d. liquidity analysis
Assume a corporation underestimated its income tax liability for the year by $4,000 . What, if any, end-of-period adjustment is required?
a. The adjusting entry contains a debit to Income Tax Expense for $4,000, and a credit to Cash for $4,000. b. The adjusting entry contains a debit to Income Tax Payable for $4,000, and a credit to Income Tax Expense for $4,000. c. The adjusting entry contains a debit to Income Tax Expense for $4,000, and a credit to Income Tax Payable for $4,000. d. The adjusting entry contains a debit to Accounts Payable for $4,000, and a credit to Cash for $4,000. e. No adjustment is required.
If a homeowner sells a used lawnmower to his neighbor, Article 2 of the UCC does not apply
Indicate whether the statement is true or false