Which of the Following Statements Made by the Seller Does

question 51

Multiple Choice

Which of the following statements made by the seller does not likely constitute an express warranty?

• A) "This looks beautiful on you."
• B) "This is 100 percent wool."
• C) "This motor generates 100 horsepower."
• D) "This is a 3.2 liter rotary engine."

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Definitions:

Sales

Transactions between a buyer and a seller involving the exchange of goods, services, or property for money.

Financial Ratios

Quantitative measures derived from financial statements to assess a company's performance, financial health, and operational efficiency.

Generally Accepted Accounting Principles

The framework of guidelines for financial accounting that includes details on how accounting transactions should be reported.

Horizontal Analysis

A technique in financial analysis that compares line items in financial statements over a series of periods.