Cooperative organizations carry on exporting activities on behalf of several producers and are partly under their administrative control

Indicate whether the statement is true or false


TRUE

Business

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Explain the relationship between the parol evidence rule and ambiguous contracts.

What will be an ideal response?

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Control over completeness for the revenue cycle What control procedures should be implemented to ensure the completeness objective is met with respect to sales?

Business

The Assembling Department of Patchwork, Inc. had 11,000 units in process on December 1 and received 30,400 units from the Sewing Department. During the month, it completed 20,700 units and transferred them to the Packaging Department. Calculate the number of units accounted for by the Assembling Department for December. The company uses the FIFO method.

A) 20,700 units B) 41,400 units C) 11,000 units D) 30,400 units

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Which of the following statements is true about the sovereign acts doctrine?

A) It allows one Congress to bind a later Congress. B) It does not allow the government to pass laws that discharge its preexisting contractual obligations. C) It allows Congress to pass legislation deliberately targeting its existing contractual obligations. D) It protects the government in a subsequent suit for breach of contract if a new law of general application indirectly affects a government contract.

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