Which of the Following Occurs in Australia Whenever an Illegitimate

question 16

Multiple Choice

Which of the following occurs in Australia whenever an illegitimate threat is made to hold on to goods unless a payment is made or an agreement is entered into?

• A) Unconscionable duress
• B) Duress of goods
• C) Duress of merchandise
• D) Duress of trade
• E) Unreasonable duress

Understand and analyze the basic accounting equation and its components (assets, liabilities, owner's equity).

Prepare and correct a balance sheet.

Record and analyze business transactions and their effects on the accounting equation.

Prepare an owner’s equity statement.