Answer:
Correct answer is TRUE
Explanation:
Non-cash assets are expected to produce cash over time but the amount of cash they eventually produce could be higher or lower than the values at which the assets are carried on the books. Some factors that affects the value of non-cash assets are the general economic forces such as inflation or deflation, amortization or impairement itself of the assets. It maybe realized at favorable side (gain) or unfavorable (loss) side.
B is the most reasonable answer
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L
Answer:
yes, pursuant to UCC, Section 2-201
Explanation:
Statute of frauds is a provision that requires certain transactions be in writing. This is usually based on the amount involved in the transaction.
In the given scenario according Section 2-201 of the UCC a contract that is above $500 should not be entered unless there is a written contract.
An oral contract won't suffice In this case.