Which of the following statements is true about acceptance of goods and the revocation of that
acceptance?
A) Goods can be rejected in more circumstances than those where an acceptance of goods can
be revoked.
B) An acceptance of goods can be revoked in any circumstance where the goods could have
been rejected initially.
C) If the buyer actually saw and inspected the goods prior to acceptance, the acceptance of
those goods cannot be revoked.
D) In order to reject nonconforming goods, the nonconformity must be one that substantially
impairs the value of the goods to the buyer.
A
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What will be an ideal response?
Which of the following depreciation methods should be used when the expected benefits to be received from an asset will decline each period?
A) straight-line method B) units-of-production method C) sum-of-the-years'-digits method D) compound-interest method
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What will be an ideal response?
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