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:

Journal

A chronological record of all business transactions, used to transfer information to the general ledger.

Prepaid Insurance

Expenses paid in advance for insurance coverages that extend beyond the current accounting period.

Posting References

Codes or numbers used to track the transfer of information from journals to ledgers in the accounting process.

Cash

A form of currency that companies and individuals use for transactions or to settle debts.