In a Noncarrier Case,under Which of the Following Sales Will

question 56

Multiple Choice

In a noncarrier case,under which of the following sales will risk of loss pass upon tender of delivery?

• A) sale by a nonmerchant to a nonmerchant
• B) sale by a merchant to a nonmerchant
• C) sale by a nonmerchant to a merchant
• D) both A and C
• E) A,B,and C

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Definitions:

Equity Method

An accounting technique used to record investments in other companies, where the investment is initially recorded at cost and adjusted over time for the investing company's share of the investee's profit or loss.

Long-Term Investment

Assets that a company intends to hold for more than one year, including stocks, bonds, real estate, and other securities.

Acquisition Method

An accounting approach used for consolidating the financial statements of a parent company and its subsidiaries.