FIFO is the cost flow method that attaches the costs of the first-in units to the units in ending inventory

After Albert agreed orally to sell to Smith, Smith made extensive improvements to the property with the knowledge of Albert. Albert now refuses to sell because the sales agreement was oral. What will be the result?

A. Albert does not have to sell, based on the statute of frauds. B. Albert must sell, because of the doctrine of estoppel. C. Albert must sell, because of laches. D. Albert's only remedy is compensatory damages.

Which of the following statements about information processing with application independence is not true?

A) Data are captured and stored in an operational database. B) Data that is accessed from a database for application processing is automatically deleted from the database. C) Subsets and aggregated operational data may be periodically transferred to a long-term data warehouse. D) none of the above