Merchandise inventory is reported in the long-term assets section of the balance sheet.
Answer the following statement true (T) or false (F)
False
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Preferred stock on which dividends are limited to the stated dividend rate is known as ____________________
Fill in the blank(s) with correct word
Duress can involve threats of physical harm or threats of economic harm
Indicate whether the statement is true or false
Barbara Brown has hired Gerry Grey as her agent to purchase used machines for a manufacturing plant with instructions not to pay over $10,000 per machine
Gerry makes it clear that he is acting as agent for Barbara and makes a contract to purchase a machine for $15,000 from Rick Redd. When Barbara learns of it, she wants to cancel the contract. Which of the following statements is TRUE? A) The contract with Rick is binding on Barbara because any limitations on an agent's authority not told to third parties are not effective. B) The contract with Rick is not binding on Barbara because she did not sign it personally. C) The contract with Rick is not binding on Barbara but it is binding on Gerry because he went beyond his authority. D) The contract with Rick is not binding on Barbara because she did not ratify it. E) The contract with Rick is binding on Barbara but she only has to pay $10,000 for the machine
Retaliation means that an employer has done something that would deter a reasonable worker from complaining about discrimination
Indicate whether the statement is true or false