Unless the parties agree otherwise, the buyer or lessee has an absolute right to inspect the goods before making payment.
Answer the following statement true (T) or false (F)
True
You might also like to view...
The income statement account most likely affected by an AIS investment in customer relationship management (CRM) would be:
A. Cost of Goods Sold. B. Revenues. C. Selling, General and Administrative Expenses. D. Unearned Revenue.
The unadjusted trial balance at year-end for a company that uses the percent of receivables method to determine its bad debts expense reports the following selected amounts: Accounts receivable$440,000?DebitAllowance for Doubtful Accounts 1300?CreditNet Sales 2,150,000?CreditAll sales are made on credit. Based on past experience, the company estimates 3.0% of ending account receivable to be uncollectible. What adjusting entry should the company make at the end of the current year to record its estimated bad debts expense?
A. Debit Bad Debts Expense $6450; credit Allowance for Doubtful Accounts $6450. B. Debit Bad Debts Expense $13,200; credit Allowance for Doubtful Accounts $13,200. C. Debit Bad Debts Expense $14,500; credit Allowance for Doubtful Accounts $14,500. D. Debit Bad Debts Expense $11,900; credit Allowance for Doubtful Accounts $11,900. E. Debit Bad Debts Expense $16,450; credit Allowance for Doubtful Accounts $16,450.
Any security offered by the United States Government or any national bank would be considered an exempt security under the 1933 Act's registration requirements
a. True b. False Indicate whether the statement is true or false
Which of the following is true?
A) Water transport requires low rates of energy per ton mile moved. B) Because of high capital cost, rail must have a large volume of traffic to justify the expense. C) Operating costs per ton mile tend to be low for trucks. D) A and B above E) B and C above