Under the Sales Article of the UCC, which of the following factors is most important in determining who bears the risk of loss in a sale of goods contract?
参考答案(由小熊题库网聘请的专业题库老师提供的解答)
请点击↑↑↑ 查看官方参考答案 按钮
习题解析
请点击 查看官方参考答案 按钮
您可能感兴趣的题目
1 .Jensen performed legal services to assist Balm Co. in accomplishing its initial organization. Jensen accepted 1,000 shares of USD5 par common stock in Balm as payment for his services. The Balm shares were not yet publicly traded, but they had a book value of USD4 per share. Jensen provided 48 hours of service, which is normally billed at USD125 per hour. By what amount should the common stock account increase?
A USD5,000 B USD4,000 C USD1,000 D USD6,000
2 .Which of the following statements would not apply to a written contract governed by the provisions of the UCC Sales Article?
A The obligations of a nonmerchant may be different from those of a merchant. B The contract may involve the sale of personal property. C The contract must involve the sale of goods for a price of USD500 or more. D The obligations of the parties must be performed in good faith.
3 .Jones Co. had 50,000 shares of USD5 par value common stock outstanding at January 1. On August 1, Jones declared a 5% stock dividend followed by a two-for-one stock split on September 1. What amount should Jones report as common shares outstanding at December 31?
A 50,000 B 105,000 C 52,500 D 100,000
4 .A taxpayer is trading in an automobile used solely for business purposes for another automobile to be used in his business. The automobile originally cost USD35,000 and he has taken USD12,000 in depreciation. The old automobile is currently worth USD20,000 and the new automobile the taxpayer wants in exchange is only worth USD16,500. The other party agrees to give the taxpayer USD3,500 in cash in addition to the new auto. What is the gain or loss realized by the taxpayer on this transaction?
A USD3,500 gain B USD3,500 loss C USD3,000 loss D USD6,500 loss
5 .Which of the following should not be disclosed in an enterprise's statement of cash flows prepared using the indirect method?
A Interest paid, net of amounts capitalized. B Income taxes paid. C Cash flow per share. D Dividends paid on preferred stock.
7 .Payne Co. prepares its statement of cash flows using the indirect method. Payne's unamortized bond discount account decreased by USD25,000 during the year. How should Payne report the change in unamortized bond discount in its statement of cash flows?
A As a financing cash inflow. B As an addition to net income in the operating activities section. C As a financing cash outflow. D As a subtraction from net income in the operating activities section.
8 .A taxpayer is trading in an automobile used solely for business purposes for another automobile to be used in his business. The automobile originally cost USD35,000 and he has taken USD18,000 in depreciation. The old automobile is currently worth USD20,000 and the new automobile the taxpayer wants in exchange is worth USD22,000. The taxpayer is also assuming a liability secured by the new auto of USD2,000. What is the gain or loss realized by the taxpayer on this transaction?
A USD0 B USD3,000 gain C USD5,000 gain D USD2,000 gain
9 .For the year ended December 31, Ion Corp. had cash inflows of USD25,000 from the purchases, sales, and maturities of held-to-maturity securities and USD40,000 from the purchases, sales, and maturities of available-for-sale securities. What amount of net cash from investing activities should Ion report in its cash flow statement?
A USD65,000 B USD40,000 C USD25,000 D USD0
10 .Cindy purchases a stereo system from Kookie at Kookie's yard sale. Kookie is an appliance salesman for J&J's Appliance store. Kookie offers to place the stereo system in Cindy's car, but Cindy asks Kookie to temporarily hold onto the stereo instead. Kookie agrees to keep the stereo system in his garage until Cindy can pick it up. A fire starts in the garage through no fault of Kookie and the stereo is destroyed. Who bears the burden of the loss?I. Cindy.II. Kookie.
A I only. B Both I and II. C Neither I nor II. D II only.
