A seller has an insurable interest in goods as long as the goods are in existence.?
Indicate whether the statement is true or false
False
You might also like to view...
Northeast Inc. is preparing the company's statement of cash flows for the fiscal year just ended. Using the following information, determine the amount of cash flows from investing activities: Net income$182,000Gain on the sale of equipment 12,300Proceeds from the sale of equipment 92,300Depreciation expense-equipment 50,000Payment of bonds at maturity 100,000Purchase of land 200,000Issuance of common stock 300,000Increase in merchandise inventory 35,400Decrease in accounts receivable 28,800Increase in accounts payable 23,700Payment of cash dividends 32,000
A. ($139,700). B. ($200,000). C. ($107,700). D. ($207,700). E. $107,700.
Recommended business casual dress code allows jeans, sweatpants, tank tops, and flip-flops to be worn in the office.
Answer the following statement true (T) or false (F)
Many of today's international business law concepts are derived from the law merchant and maritime law, which are the accepted customs and practices of Renaissance-era merchants, traders, bankers, mariners, and ship owners
Indicate whether the statement is true or false
Arturo transfers land with a FMV of $900,000 to a newly-formed corporation in exchange for all the stock. The land has a basis of $600,000 and debt of $400,000. The basis of the land, in the hands of the corporation is:
A. $900,000. B. $300,000. C. $600,000. D. $400,000.