What is the right to replevy goods?
A) A seller's right to make nonconforming goods conforming
B) A buyer's right to recover scarce goods improperly being held by a seller
C) A buyer's right to seek specific performance for unique good
D) A seller's remedy to find an alternate buyer for goods
B
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What's the future value of $1,500 after 5 years if the appropriate interest rate is 6%, compounded semiannually?
A. $1,819 B. $1,915 C. $2,016 D. $2,117 E. $2,223
Which one of the following subsequent events will least likely result in an adjustment to the financial statements?
a. Material change in the amount of settlement of a lawsuit which had been estimated at year end. b. Bankruptcy of a customer who owes your client a material amount on open account at year end for which there is an inadequate allowance estimate. c. Sale of a large block of inventory at a price materially below carrying value. d. Signing of a letter-of-intent by the client to acquire 55% of another entity for stock.
A classified balance sheet differs from an unclassified balance sheet in that:
A. A classified balance sheet will include more accounts than an unclassified balance sheet for the same company on the same date. B. A classified balance sheet is not usually provided to outside parties. C. An unclassified balance sheet is never used by large companies. D. A classified balance sheet groups items into the broad categories of asset, liability, and equity. E. A classified balance sheet presents information in a manner that makes it easier to calculate a company's current ratio.
Which of the following bonds is least subject to the regulations of any particular country?
A) domestic bonds B) foreign bonds C) domestic debentures D) dragon bonds