Under the UCC, an acceptance must always be identical to an offer for a valid contract to be formed
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
An organization can accelerate cash deposits and prevent lapping by ______________________________
Fill in the blank(s) with correct word
Which one of the following statements regarding the gross profit method is not true?
A) The gross profit method is not a practical method to use in real-world situations. B) The gross profit method is often used to estimate the year-end inventory for comparison to actual on-hand inventory. C) The gross profit method is an acceptable method to estimate the cost of inventory destroyed by a casualty. D) The gross profit method results in a less accurate inventory valuation than the retail inventory method.
The Town Council of the Town of Nelson passed an ordinance requiring that at the Town of Nelson Public School each school day must begin with all of the student reciting together a particular prayer. If challenged in court, this rule would probably be ________.
A. upheld as it is protected by the Free Exercise Clause B. struck down for violating the Establishment Clause C. upheld because the prayer does not promote one religion over another D. upheld because the courts do not have jurisdiction over public schools
Compute the net cash provided by (used for) operating activities.
Kentucky Company uses the indirect method to prepare the statement of cash flows. Refer to the following income statement:
Additional information provided by the company includes the following:
1. Current assets, other than cash, increased by $20,000.
2. Current liabilities decreased by $1500.
A) $26,700
B) $40,700
C) $35,600
D) $11,700