Excelsior's Limited tried to sell its product in Canada, but was told that at least forty percent of the product must be manufactured in Canada. This is an example of a(n) ________

An accident and health insurance policy may not be rescinded, except for fraud, after it has been in effect for

A) 2 years B) 4 years C) 1 year D) 6 months

A company receives $88, of which 8 is for sales tax. The journal entry to record the sale would include a

A. debit to Sales Tax Expense for $8 B. credit to Sales Tax Payable for $8 C. debit to Sales for $88 D. debit to Cash for $80