Interest on a note can be calculated without knowledge of the
a. fair value of the note
b. rate of interest
c. note duration
d. principal amount
a
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The periodic inventory system relies on a physical count of merchandise for its balance sheet amount
Indicate whether the statement is true or false
If 45,000 units of ending work in process inventory are 60 percent complete as to conversion costs, 27,000 equivalent units of conversion costs must be incurred to complete these units during the next period
Indicate whether the statement is true or false
The technical core typically is in the back-stage and is visible to the customer
Indicate whether the statement is true or false
You leave your jacket on a hook at the front of a restaurant, just below the sign that says "Not responsible for lost or stolen articles of clothing
" During your meal, a waiter walks by the coat rack with a flaming drink, and your jacket catches fire. Can you sue the restaurant for the damage? Why or why not? A) No. You must have seen the sign, which excludes liability. B) Yes. There has been a fundamental breach of contract. Your meal was ruined. C) Yes. The exclusion clause will be strictly construed, and your jacket was neither lost nor stolen. D) No. The jacket never left your possession. E) Both B and C