If the amount of uncollectible accounts expense is understated at year end,
A) net Accounts Receivable will be understated.
B) total liabilities will be overstated.
C) net income will be understated.
D) Allowance for Uncollectible Accounts will be understated.
D
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Which of the following statements is true of breach of warranty actions?
A) Most courts do not require that the purchaser provide the manufacturer a notice within a reasonable time of becoming aware of the breach of warranty if the two parties have not dealt with each other. B) According to the Uniform Commercial Code, the cause of action arises the day the product malfunctions. C) Most courts allow a manufacturer to relieve itself of liability for breach of warranty by using disclaimers even if the disclaimers are not stated on an integral part of the product or package. D) The Uniform Commercial Code contains a provision stating that disclaimers on products cannot be considered as unconscionable.
Cost control has an impact on the development of efficient operating procedures
Indicate whether the statement is true or false.