A property is selling for $2,500 per acre and is described as follows: "Beginning at a iron pin go 250' north; then 150'east, then 250' south, then 150' west to the point of beginning. The sales price is:

An adjusted trial balance is given below

Debit Credit Cash $15,000 Accounts Receivable 3,000 Prepaid Rent 800 Merchandise Inventory 27,000 Accounts Payable $4,200 Salaries Payable 1,500 Notes Payable 800 Common Stock 9,000 Retained Earnings 3,800 Dividends 2,000 Sales Revenue 95,500 Sales Returns and Allowances 1,400 Sales Discounts 700 Cost of Goods Sold 20,000 Salaries Expense 21,000 Rent Expense 15,000 Selling Expense 8,100 Supplies Expense 800 Total $114,800 $114,800 What will be the final balance in the corporation's Retained Earnings account after recording the closing entries? A) $30,300 B) $32,300 C) $17,500 D) $1,800

Private International Law is the body of law that applies to interpretations of and disputes arising from commercial transactions between companies of different nations

Indicate whether the statement is true or false