The suicide clause will pay double the face value to the beneficiary if the named insured commits suicide
Indicate whether this statement is true or false.
Answer: FALSE
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Which statement is true?
A) All purchases should be recorded in a purchases journal. B) Closing and reversing entries will be found in the sales journal. C) Returned merchandise from a customer should be entered in the sales journal. D) All cash sales should be recorded in the cash receipts journal.
During the agreement stage, the chair can help the process by moving the group to come up with as many solution options as possible.
Answer the following statement true (T) or false (F)
A company made the following merchandise purchases and sales during the month of May:May 1Purchased380 units at$15 eachMay 5Purchased270 units at$17 eachMay 10Sold400 units at$50 eachMay 20Purchased300 units at$22 eachMay 25Sold400 units at$50 eachThere was no beginning inventory. If the company uses the weighted average periodic method, what would be the cost of the ending inventory?
What will be an ideal response?
Which of the following is true of tort liability of a general partnership?
A) Only the partner who committed the tort is liable. B) Partners who have not committed the tort but had to pay liability cannot indemnify from the partner that committed the tort. C) A partner can be sued even if he or she did not participate in the commission of the tort. D) If one of the partners in the partnership is released, the other partners are discharged of liability.