The parol evidence rule does not prevent the use of evidence that a party would like to use to establish the defense of fraud, duress, or undue influence
a. True
b. False
Indicate whether the statement is true or false
True
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A company that uses the perpetual inventory system sold goods to a customer on account for $2,300. The cost of the goods sold was $1,150. Which of the following journal entries correctly records this transaction?
In accounting for inventory, the assumed cost flow need not match the physical goods flow
Indicate whether the statement is true or false
Distributors add value to a supply chain between a supply stage and a customer stage
A) if there is a small number of customers requiring a large amount of product. B) if there is a large number of customers requiring a large amount of product. C) if there are many small players at the customer stage, each requiring a small amount of the product at a time. D) if there are a few large players at the customer stage, each requiring a large amount of the product at a time.
Voidable contracts are legal agreements that lack some requirement of the law
Indicate whether the statement is true or false