Restitution involves one party's recapture of a benefit through which another party has been unjustly enriched
Indicate whether the statement is true or false
True
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A retailer that sells product online through their website but does not accept that product to be returned to their store if the customer is not satisfied with it is not yet fulfilling a(n) ________ strategy.
A. multilevel network B. omnichannel C. cross migration D. single channel E. multichannel
Answer the following statements true (T) or false (F)
1. The discount on bonds payable becomes interest expense through a process of depreciation. 2. The amortization of bond premium increases interest expense over the life of the bonds. 3. The face value of a bond payable minus the current balance of the discount account or plus the current balance of the premium account is the bond's carrying amount. 4. Contra accounts have the same normal balance as the related account and are added to the related account on the balance sheet. 5. The balance in the Bonds Payable account is a credit of $92,000. The balance in the Premium on Bonds Payable account is a credit of $1,990. The bond's carrying amount is $93,990.
The closing of an inquiry letter should ______.
A. build goodwill B. demand a speedy reply C. summarize the main points D. provide a phone number
In 2016, its first year of operations, Richmond Corporation reported pretax financial income of $80,000 for the year ended December 31. Richmond depreciates its fixed assets using an accelerated cost recovery method for tax purposes and straight-line depreciation for financial reporting. On assets acquired in 2016, the following are differences between depreciation on the tax return and accounting income during the asset's five-year life:
? ? Tax Depreciation in Excess Enacted ? of Book Depreciation Tax Rates 2016 $18,000 30% 2017 10,000 30% 2018 2,000 35% 2019 (13,000) 35% 2016 (17,000) 40% Assuming no other temporary or permanent differences, which of the following combinations of noncurrent deferred tax liabilitiy and income taxes payable would be included on Richmond's December 31, 2016 balance sheet? ? Noncurrent Deferred Income Taxes Income Tax Liability Payable I.$5,400 $18,600 II.$7,650 $18,600 III.$7,650 $29,400 IV.$5,400 $24,000 ? A. I B. II C. III D. IV