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

Author Question: Hi-View Industries, sells merchandise to Action Powersports on account. As terms of the deal, ... (Read 114 times)

burchfield96

  • Hero Member
  • *****
  • Posts: 610
on: Jul 6, 2018
Hi-View Industries, sells merchandise to Action Powersports on account. As terms of the deal, Hi-View Industries will coordinate the shipment, but Action Powersports is responsible for paying the shipping costs. This is an example of:
 a. FOB Destination
   b. FOB Shipping Point
   c. Freight-In
   d. Freight-Out

Question 2

If a government is obligated legally to report information in a manner that differs from GAAP:
 
  a. GAAP take precedence over the legal requirements.
  b. Legal requirements take precedence over GAAP.
  c. Both GAAP requirements and legal requirements must be met.
  d. Information should be presented that meets as many legal requirements as possible without violating GAAP in a material manner.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bblaney

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jul 6, 2018
Answer to Question 1

b

Answer to Question 2

C


burchfield96

  • Member
  • Posts: 610
Reply 2 on: Jul 6, 2018
Excellent

hramirez205

  • Member
  • Posts: 345
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Anatomy of the Right Knee Joint, Anterior View Anatomy of the Right Knee Joint, Anterior View
In 1993 Clinton succeeded in brokering a deal between Israeli prime minister Yitzhak Rabin (left) ... In 1993 Clinton succeeded in brokering a deal between Israeli prime minister Yitzhak Rabin (left) ...
Brachiation in Action Brachiation in Action
(a) Parathyroid hormone (PTH); (b) calcitonin action. (a) Parathyroid hormone (PTH); (b) calcitonin action.
Anterior & Posterior View of Lower Limb (Extremity) Anterior & Posterior View of Lower Limb (Extremity)
An endoscopic view of the colon of someone who carries the normal alleles for the APC gene An endoscopic view of the colon of someone who carries the normal alleles for the APC gene
Video: Primate Evolutionary Tree Animation

For a complete list of videos, visit our video library