In a destination contract, the seller is required or authorized to ship goods by carrier
Indicate whether the statement is true or false
False
You might also like to view...
Nominal scales are recognized as the most basic or limited
Indicate whether the statement is true or false
A cash budget
A) is an optional feature of a master budget. B) requires input from all parts of the organization. C) involves nonmonetary information. D) can only be prepared at year end.
Which of the following statements regarding discontinued operations is true?
a. The assets and liabilities of a disposal group classified as held for sale by an entity may be offset and shown as a single item on the balance sheet of the entity. b. The assets and liabilities of a disposal group of an entity must be shown separately in the asset and liabilities sections of the balance sheet of the entity and cannot be offset. c. An adjustment in a subsequent period to the selling price of a component of an entity sold must be reported as a retroactive adjustment in the prior-period financial statements of the entity in which the discontinued operation was reported. d. The gain or loss on disposal of a component of an entity classified as a discontinued operation need not be disclosed separately from the loss from operations of the discontinued segment. e. None of these answers is correct.
A merger increases the number of voting shares of the surviving corporation by 23 percent. Which of the following is required in this context?
A) a unanimous vote by the incumbent directors B) a majority vote of the board of directors C) a majority vote of the shareholders D) an affirmative vote by at least 30 percent of the shareholders