Each bank in a collection chain must pass a check on before midnight of the day of its receipt
Indicate whether the statement is true or false
False
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A restriction/appropriation of retained earnings establishes cash assets that are set aside for a specific purpose
a. True b. False Indicate whether the statement is true or false
When share options are exercised by an employee under a compensatory share option plan, the issuance of the common stock is recorded at the
A) amount of cash received. B) amount of cash received less the previously recorded value of the options received. C) amount of cash received plus the previously recorded value of the options received. D) market price minus the share option price.
An ad in a newspaper or a circular describing goods and stating prices would generally be considered:
a. a firm offer if made by a merchant. b. an offer if made by a merchant, but not a firm offer. c. an offer irrespective of who made the offer. d. an invitation to buyers to make an offer to buy goods.
Fred sued Document Security Company, alleging he had suffered injuries to his hands as a result of attempting to fix a jam in one of Document Security's paper shredders. Fred alleged the shredder was defective because it failed to contain warnings regarding the dangers to fingers and hands while attempting to fix jams. In order to succeed, Fred will have to show:
a. all risk of harm could have been reduced or avoided by the provision of reasonable instructions or warnings by Document Security Company. b. paper shredders are inherently dangerous products. c. his injuries would not have occurred but for the absence of the warnings. d. foreseeable risks of harm could have been reduced or avoided by the provision of reasonable instructions or warnings by Document Security Company.