A sole proprietor is legally responsible for the business's contracts.
Answer the following statement true (T) or false (F)
True
You might also like to view...
Resolving a dialectical tension by satisfying only one need and denying the other is called ______.
a. selection b. separation c. neutralization d. reframing
On January 1, a machine with a useful life of five years and a residual value of $4,500 is purchased for $22,500. What is the depreciation expense in year 3 under straight-line depreciation?
A) $4,500 B) $3,600 C) $10,800 D) $13,500
Through the U.S. Generalized System of Preferences (GSP), developing countries may export goods duty-free to the United States if they ________
A) demonstrate progress toward protecting the natural environment B) demonstrate progress toward improving the rights of their workers C) agree to exempt U.S. imports from local content rules D) belong to the World Trade Organization (WTO) E) participate in a reciprocal free trade zone
Suppose the cycling store uses the LIFO cost-flow assumption. The cost of goods sold is _____, and the ending inventory is _____
a. $2,900; $5,500 b. $2,500; $5,900 c. $3,000; $5,400 d. $2,800; $5,600 e. cannot be determined with the information given