Electronic sales contracts (e-sales contracts) and electronic lease contracts (e-lease contracts) are recognized under the laws of ________.
A. every state
B. most states
C. very few states
D. no states to date
Answer: B
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On January 1, 2016, Chain, Inc issued $400,000, 10-year, 10% bonds for $354,200 . The bonds pay interest on June 30 and December 31 . The market rate is 12%. The interest expense on the bonds at June 30, 2016, is
a. $20,000 b. $24,000 c. $21,252 d. $17,710
Answer the following statements true (T) or false (F)
1) Smaller businesses invest in a periodic inventory system because of the ability to determine quantities of inventory on hand after each purchase and sale of merchandise inventory. 2) In a periodic inventory system, businesses must obtain a physical count of inventory to determine quantities on hand. 3) If a merchandiser uses the periodic inventory system, it is necessary to conduct a physical count of inventory to determine the quantity of inventory on hand. 4) In a periodic inventory system, purchases, purchase discounts, and purchase returns and allowances are recorded in the Merchandise Inventory account as and when they occur. 5) The Merchandise Inventory account is only used in a perpetual inventory system.
Which of the following is true about Section 11 of the 1933 Act?
A. Under Section 11, the purchaser has the burden of proving that he or she exercised due diligence. B. The defendant can escape liability if the purchaser did not read the registration statement. C. To prove liability, a purchaser only has to prove that the defendant is in one of the three classes of persons liable under Section 11. D. Directors who are not signers are not liable for false information after purchase of the security.
A(n) CASE expression evaluates conditions and returns a value in an assignment statement.
Answer the following statement true (T) or false (F)