The Code Does Not Excuse Performance Based Upon Commercial Impracticability

question 17

True/False

The Code does not excuse performance based upon commercial impracticability.

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Definitions:

Freight

The charge paid for the transportation of goods, typically by sea, air, or land.

Free

Not under the control or in the power of another; able to act or be done as one wishes, or without cost or payment.

Supplies Expense

An expense reported on the income statement that reflects the cost of supplies used during the reporting period.

Equipment

Tangible assets used in the operation of a business that have a useful life beyond a single reporting period.