Under the UCC, title to goods can pass before the goods come into existence
Indicate whether the statement is true or false
false
You might also like to view...
Josh owns a 25% capital and profits interest in the calendar year GDJ Partnership. His adjusted basis for his partnership interest on October 15 of the current year is $300,000. On that date, the partnership liquidates and makes a proportionate distribution of the following assets to Josh. Partnership’s Basis in Asset Asset’s Fair Market Value CashInventory$ 70,000 120,000 $ 70,000 150,000 ? a.Calculate Josh’s recognized gain or loss on the liquidating distribution, if any, and his basis in the distributed inventory. b.How would your answer to a. change if the partnership also distributed a small parcel of land it had held for investment to Josh? Assume the land has a $5,000 adjusted basis (FMV is $8,000) to the partnership.?
What will be an ideal response?
The difference between the debit side total and the credit side total of an account is called the balance
Indicate whether the statement is true or false
Acme Corp. made a public offering of its shares. Stein bought 100 shares at $10 each. Three months later, Acme announced that it planned to merge with another company. Under the terms of the merger, Acme shareholders would receive $14 per share, which was $1 more than the market price on the day prior to the announcement. Acme's shareholders approved the merger. Stein did not vote for or against the merger, but he turned in his shares and received $14 for each share. Stein later argued that Acme's directors acted improperly in approving the merger. He also believed the price he and other shareholders received was grossly inadequate. Will Stein be able to enforce his appraisal rights?
What will be an ideal response?
A critical path ______.
a. is the longest individual path in a network b. is the path of a critical task in the network c. is the path on which other activities depend d. is the path that is most expensive in the project