Fact Pattern 3-B1 (Questions B5-B7 Apply)

question 20

Multiple Choice

Fact Pattern 3-B1 (Questions B5-B7 apply)
Destiny and Enzo engage in a business transaction for the creation and baking of a cake and other pastries and desserts for Destiny's wedding dinner and reception.When a dispute arises,Destiny initiates a lawsuit against Enzo by filing a complaint.
-Refer to Fact Pattern 3-B1.If Enzo files a motion to dismiss,and the court grants it,

• A)Destiny will be given time to file an amended complaint.
• B)Destiny will have a judgment entered in her favor.
• C)Enzo will be given time to file another response.
• D)Enzo will have a judgment entered in his favor.

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Definitions:

Income from Operations

The earnings generated from a company's principal business activities, excluding non-operating income and expenses such as interest and taxes.

Internal Control

The processes and procedures implemented by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.

Cash

A company's money in the form of currency or in bank accounts that is immediately available for business use.

FOB Destination

A shipping term indicating that the seller bears the shipping costs and retains ownership of the goods until they are delivered to the buyer's location.