The Statement on the Toothpaste Box That Brushing Twice a Day

question 182

Multiple Choice

The statement on the toothpaste box that brushing twice a day with this paste will remove 90 percent of all tartar from the user's teeth is an example of a(n) :

• A) implied warranty
• B) functional label
• C) UPC disclaimer
• D) express warranty
• E) universal warranty

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Definitions:

General Ledger

A complete record of all financial transactions over the life of a company, serving as the primary data source for the financial statements.

Accounts Receivable

Unpaid amounts by customers to a company for goods or services already rendered.

Cash Receipts Journal

A dedicated journal used to record all cash inflows or receipts of a business.

Sales of Merchandise

The total revenue generated from selling goods that are intended for resale as part of a company's normal business operations.