If a modification of the lease contract increases the lease payment to $1,000 or more, the modification has to be in writing to be enforceable
Indicate whether the statement is true or false
TRUE
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Buffalo, Inc reported sales revenue for 2017 of $903,000
The products were sold with a nine-month warranty. Members of Buffalo's management estimate that the cost of the warranty will be equal to 7% of sales revenue. Which of the following will be included in the entry to record the actual amounts paid out as a result of warranty claims? A) a debit to Estimated Warranty Payable for the actual amount of payments B) a credit to Estimated Warranty Payable for $63,210 C) a debit to Estimated Warranty Payable for $63,210 D) a debit to Warranty Expense for the actual amount of payments
Which of the following should be included in a well-developed, ethical communication?
A) Copyrighted material B) Someone else's creative product, but only in your own words C) All relevant information, even if it may be negative D) Visual aids that emphasize some information while minimizing other information E) Statistics and other relevant data that support the reason for the communication