River Gear Company and Tours & Trips, Inc, enter into a contract on August 1 for the sale of fifty inflatable river rafts. Tours & Trips cancels the con-tract ten days later. River Gear is unable to sell the rafts to another buyer. River Gear can
A) force Tours & Tripsto accept the rafts and pay for them
B) recover the contract price from Tours & Tripsbut must hold the rafts for it.
C) recover the contract price from Tours & Tripsand keep the rafts.
D) recover the contract price from Tours & Tripsbut must destroy the rafts.
B
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Once the FASB has established an accounting standard, the
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What will be an ideal response?