This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The seller may prepay the freight costs even though the terms are FOB shipping point. a. True b. ... (Read 71 times)

tth

  • Hero Member
  • *****
  • Posts: 579
on: Jul 5, 2018
The seller may prepay the freight costs even though the terms are FOB shipping point.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

Which of the following statements is TRUE?
 
  A) The IASB is the current standards setting body for the U.S. accounting profession.
  B) The FASB determines U.S. generally accepted accounting principles.
  C) Applying IFRS will require much less judgment and interpretation than following U.S. GAAP.
  D) The IRS determines generally accepted accounting principles.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mceravolo

  • Sr. Member
  • ****
  • Posts: 349
Reply #1 on: Jul 5, 2018
Answer to Question 1

True

Answer to Question 2

B


tth

  • Member
  • Posts: 579
Reply 2 on: Jul 5, 2018
Thanks for the timely response, appreciate it

bigsis44

  • Member
  • Posts: 317
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Development of an atherosclerotic plaque that progressively narrows the lumen of an artery to the po Development of an atherosclerotic plaque that progressively narrows the lumen of an artery to the po
Which of the following statements is true of linkage? Which of the following statements is true of linkage?
Commonly Misspelled Medical Terms Commonly Misspelled Medical Terms
The Method for Determining the Two-Point Discrimination Threshold The Method for Determining the Two-Point Discrimination Threshold
Glossary of Basic Ayurvedic Terms Glossary of Basic Ayurvedic Terms
Constructing a Three-Point Recombination Map Constructing a Three-Point Recombination Map
Video: Automated external defibrillator (AED)

For a complete list of videos, visit our video library