Which of the following accounts will be shown on the balance sheet with accumulated depreciation account?

A fraudulent misrepresentation which induces another person to enter into a contract can result in which of the following remedies?

A) Rescission and/or damages B) Rescission only C) Damages only D) Rectification E) There is no remedy available for fraudulent misrepresentation.

A company should check inventory quantities before accepting a sales order for all the following reasons except to

A) verify the accuracy of the perpetual inventory records. B) inform the customer about availability and delivery times. C) know which items may need to be back ordered. D) update inventory records to reduce the quantity available by the number of items ordered.