Services are excluded from the CISG

a. True
b. False
Indicate whether the statement is true or false


True

Business

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Which of the following audit procedures would be least likely to lead the auditor to find unrecorded fixed asset disposals?

A. Scanning of invoices for fixed asset additions for evidence of a purchase to replace a previously owned fixed asset. B. Review of property tax files. C. Review of repairs and maintenance expense. D. Examination of insurance policies for evidence of a dropped or cancelled policy.

Business

Maria did not pay her Federal income tax on time. When she eventually filed the return, she reported a balance due. Compute Maria’s failure to file penalty in each of the following cases. Disregard any failure to pay penalty.  a.Three months late, $500 additional tax due.b.Four months late, $2,000 additional tax due.c.Ten months late, $10,000 additional tax due.d.Four months late due to fraud by Maria, $10,000 additional tax due.e.Fifteen months late due to fraud by Maria, $10,000 additional tax due.

What will be an ideal response?

Business

Which of the following is true of an open-end credit transaction?

A) An open-end transaction gives a debtor the option to pay in installments. B) An open-end transaction includes a personal customer loan or a student loan. C) An open-end transaction is for a limited time period. D) An open-end transaction must be in writing.

Business

The main goal of retail layout is:

A) minimizing material handling cost. B) minimizing customer confusion regarding location of items. C) minimizing storage costs. D) minimizing space required. E) maximizing profitability per square foot of floor space.

Business