Credit terms must include:
a. the principal of a debt
b. the interest rate, if any, that applies c. the payment dates
d. all of the other specific choices
e. none of the other specific choices are necessary, but are commonly used
d
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Alma Corp issues 1,000 shares of $10 par value common stock at $16 per share. When the transaction is recorded, a credit or credits are made to:
A) Common Stock $16,000. B) Common Stock $10,000 and Additional Paid-in Capital $6,000. C) Common Stock $6,000 and Additional Paid-in Capital $10,000. D) Common Stock $10,000 and Retained Earnings $6,000.
One of the principal objectives of tort law is to prevent future harms and losses
a. True b. False Indicate whether the statement is true or false
Intuitiv Manufacturing's large plastics molding machine suddenly broke down during its day shift. When considering the purchase of available alternatives, Intuitiv decided to rent one for the next two years instead of buying one. In this situation, the large plastics molding machine it rented would be classified as
A. an installation. B. accessory equipment. C. an unsought good. D. a process material. E. MRO supplies.
The contract referred to in Question #16 above is:
a. procedurally unconscionable b. substantively unconscionable c. neither of these d. both of these