Which of the following is the main reason for the argument that state, city, county, and private agencies are more effective at resolving consumer problems than federal agencies?
A) These agencies have more effective resources to solve the problems that the average consumer encounters than federal agencies.
B) These agencies can better understand the problems that the average consumer encounters than federal agencies.
C) These agencies are more easily available to solve the problems that the average consumer encounters than federal agencies.
D) These agencies are closer geographically to the problems that the average consumer encounters than federal agencies.
D
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Ringler Corporation exchanges one plant asset for a similar plant asset and gives cash in the exchange. The exchange is not expected to cause a material change in the future cash flows for either entity. If a gain on the disposal of the old asset is indicated, the gain will
a. be reported in the Other Revenues and Gains section of the income statement. b. effectively reduce the amount to be recorded as the cost of the new asset. c. effectively increase the amount to be recorded as the cost of the new asset. d. be credited directly to the owner's capital account.
If a buyer relies upon a seller to select a product for an intended purpose, there is an implied warranty that the seller's selection will prove suitable
Indicate whether the statement is true or false