A retailer purchases goods from a manufacturer and sells them to customers

Indicate whether the statement is true or false

TRUE

Business

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Indicate the nature of the account or accounts to be debited when recording each transaction. A replacement, which extended the life but did not increase the quality of units produced by the asset, cost $15,000.

a. Asset(s) only. b. Accumulated amortization, or depletion or depreciation only. c. Expense only. d. Asset(s) and expense.

Business

In undue influence, the persuasion by the dominant party must have overcome the free will of

the innocent party. Indicate whether the statement is true or false

Business