Section 2-2011. of the Uniform Commercial Code (UCC) states that ________
A) all lease contracts must be in writing
B) lease contracts involving payments of $1,000 or more must be in writing
C) all sales contracts must be in writing
D) sales contracts involving payments of $500 or more must be in writing
D
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The three-step writing process is most effective in what type of business writing?
A) Emails B) Short memos C) Long reports D) External communications E) All written communications
When a property dividend is declared and the market value of the property exceeds its book value, the excess is credited to
a. Gain on Distribution of Property Dividends. b. Retained Earnings. c. Additional Paid-In Capital. d. the related asset account.
If land costing $145,000 was sold for $205,000, the $60,000 gain on the sale would be added to net income in of the operating activities section of the statement of cash flows (prepared by the indirect method)
Indicate whether the statement is true or false
About one third of all new start-ups fail in their first years.
Answer the following statement true (T) or false (F)