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givi [52]
3 years ago
13

Olga, a salesperson for Pre-owned Cars & Trucks, Inc., tells Quincy, "This is the best car I’ve ever seen." This statement i

s
Business
1 answer:
lara31 [8.8K]3 years ago
4 0

Answer:

puffery

Explanation:

The extended and exaggerated presentation of any belief or idea is said to be puffery. Such statements are made to provide evidence to the vague claims. Also, it misinterprets and claims false evidence. In the above question, the statement claimed by Olga is an exaggerated statement about the car. Hence, this is an example of puffery.

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team leader

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A credit entry was recorded for unearned revenue and a debit for cash. What does this entry indicate?
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Answer:

This means that there is an increase in cash(cash has been collected). And for the unearned revenue which is a liability, there is an increase in the liability

Explanation:

This means that there is an increase in cash(cash has been collected). And for the unearned revenue which is a liability, there is an increase in the liability.

Note: Debit side increases asset(cash) and expenses while credit side decreases liability,income and equity.

Credit side decreases asset(cash) and expenses while debit side increases liability,income and equity.

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3 years ago
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2 years ago
Tempest Enterprises began operations on January 1, 20x1, with all of its activities conducted from a single facility. The compan
Ray Of Light [21]

Answer:

100% will be included in the Income Statement

Explanation:

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<h3><em>B</em><em>ut remember that the depreciation calculated for the accounting period would be expensed out by $500 in the income statement, for the period generated.</em></h3>
3 0
3 years ago
A symbol or mark may act as an individual's signature as per the Statute of Frauds and the UCC's requirement that a written cont
jenyasd209 [6]

Answer:

True

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One of the requirement of the written agreements under the Statute is that the signature of both parties involved in the agreement is needed.

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