A corporal key is one assigned by the system
Indicate whether the statement is true or false
FALSE
Explanation: A nonintelligent key is a system-assigned unique value.
CL
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Under the equity method, a stock purchase is recorded at its original cost, but is not subsequently adjusted to fair market value
Indicate whether the statement is true or false
Under the Sales Articles of the UCC, when a contract for the sale of goods stipulates that the seller ship the goods by common carrier "FOB purchaser's loading dock," which of the parties bears the risk of loss during shipment?
a. The purchaser, because risk of loss passes when the goods are delivered to the carrier. b. The purchaser, because title to the goods passes at the time of shipment. c. The seller, because risk of loss passes only when the goods reach the purchaser's loading dock. d. The seller, because risk of loss remains with the seller until the goods are accepted by the purchaser.