If a sales contract requires the seller to ship the goods to the buyer, a proper delivery occurs when the seller places the goods in the possession of a(n) ____________________ and notifies the buyer that the goods have been shipped
Fill in the blank(s) with correct word
independent carrier
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The "wave" that appears on red Coke cans and bottle labels is an example of a brand symbol
Indicate whether the statement is true or false
The use of the ratio projection is most effective when:
A. a small number of differences exist in the population. B. estimating populations whose records consist of quantities but not book values. C. large understatement differences exist in the population. D. the dollar amount of the misstatement is expected to relate to the dollar amount of items tested.
The third stage in Simon's description of decision making is choice
Indicate whether the statement is true or false
Douglas bought office furniture two years and four months ago for $25,000 to use in his business and elected to expense all of it under Sec. 179. Depreciation of $3,500 would have been taken under the MACRS rules. If Douglas converts the furniture to nonbusiness use today, Douglas must
A) amend the prior two years tax returns. B) include $3,500 in gross income in year of conversion. C) include $21,500 in gross income in year of conversion. D) include $25,000 in gross income in year of conversion.