A warranty that is created when a seller or lessor makes an affirmation that the goods he or she is selling or leasing meet certain standards of quality, description, performance, or condition is known as a(n) ________ warranty
A) implied
B) conditional
C) closed
D) express
D
You might also like to view...
An auditor determines that there is an inherent risk that dividends may be recorded and paid before being declared. This determination is most likely tied to which of the following management assertions?
a. Completeness. b. Presentation and disclosure. c. Valuation. d. Existence.
How can data analytics and other HR technologies have an impact on organizational success?
What will be an ideal response?
One year is the conventional cutoff for distinguishing a current and a noncurrent asset or liability, because the operating cycle for most firms is one year or less
Indicate whether the statement is true or false
When preparing the statement of owner's equity, the beginning capital balance can always be found
A) in the Income Statement columns of the work sheet B) in the statement of cash flows C) in the general ledger D) in the Balance Sheet columns of the work sheet