According to the UPC, a gift of real property in a will is called a devise.
a. true
b. false
Answer: a. true
You might also like to view...
Red Tail Manufacturing, Inc provided the following information for the year
Purchases-Raw Materials $91,000 Plant Utilities and Insurance 66,000 Indirect Materials Used 11,240 Indirect Labor 4,830 Direct Materials Used in Production 98,000 Direct Labor 118,500 Depreciation on Factory Plant and Equipment 8,000 Cost of Goods Manufactured 292,000 Cost of Goods Sold 290,000 The inventory account balances as of January 1 are given below. Raw Materials Inventory $45,000 Work-in-Progress Inventory 11,000 Finished Goods Inventory 304,570 What is the ending balance in the Finished Goods Inventory? A) $304,570 B) $302,570 C) $306,570 D) $596,570
Which of the following is the most likely outcome of a foreign firm entering a developed nation on a small scale after other international businesses in the firm's industry?
A. Capturing first-mover advantages B. Higher pioneering costs C. Rapid increase in market share D. Limited future growth potential E. Increase in sales volume