Refined cereal grains, inc., agrees to sell to sunny breakfast cereal company a certain quantity of refined oats each week but no mention is made of where the goods are to be delivered. in general, the ucc requires that the delivery take place . refined cereal’s place of business. b. sunny’s place of business. c. a neutral place of business halfway between the parties’ locations. d. a “reasonable” place of delivery.

Adisadvantage of corporations is that shareholders have to pay on profits.

On april 1, santa fe, inc. paid griffith publishing company $2,448 for 36-month subscriptions to several different magazines. santa fe debited the prepayment to a prepaid subscriptions account, and the subscriptions started immediately. what amount should appear in the prepaid subscription account for santa fe, inc. after adjustments on december 31 of the first year assuming the company is using a calendar-year reporting period and no previous adjustment has been made?

During the current year, luis university received a $50,000 gift from an alumna who specified that it must be used to pay travel costs for faculty to attend health care conferences in foreign countries. during the year the university spent $8,000 to support travel to a health care conference in italy. the $8,000 disbursement will cause a net decrease in which class of net assets?