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Alchen [17]
2 years ago
11

Mining Corporation purchases the business assets of Open Pit Inc., including its equipment and supplies, for an agreed-to price,

payable in installments. Under the UCC, this transaction is
Business
1 answer:
11Alexandr11 [23.1K]2 years ago
4 0

Answer:

A sales.

Explanation:

The uniform commercial code (UCC) is a set of standardized business laws which are put in place for the regulation of financial contracts and commercial transactions used across different states in the United States of America.

In this scenario, Mining Corporation purchases the business assets of Open Pit Inc., including its equipment and supplies, for an agreed-to price, payable in installments. Under the UCC, this transaction is a sales.

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Message encoding involves sending messages to the receiver in comprehensible words.

3 0
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Based on the segment income statement below, Chips, Inc. is considering eliminating its Barbecue Division line. Revenue from Bar
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