The obligor need not receive notice for an assignment to be valid
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
The scope paragraph of an unqualified opinion primarily gives information relating to which of the following?
a. The division of responsibilities. b. The final assessment of a company's standings with the audit firm. c. The statements and dates under audit. d. Audit planning and procedure.
When segmenting by usage rate, markets can be segmented into nonusers, ex-users, potential users, first-time users, and regular users of a product
Indicate whether the statement is true or false
When a debtor no longer has an obligation to pay a debt, that debt has been
a. terminated. b. revoked. c. completed. d. discharged.
Some companies choose to avoid assigning incidental costs of acquiring merchandise to inventory by recording them as cost of goods sold when incurred. The principle that supports this is called:
A. The cost principle. B. The lower of cost or market principle. C. The expense recognition principle. D. The materiality constraint. E. The conservation constraint principle.