A city places a purchase order for supplies for $50,000. The purchase order allows the supplier to ship additional supplies up to 5 percent of the quantity ordered. The city receives the supplies and an invoice for $51,500, and the invoice is approved for payment. With what amount should the city credit the Encumbrances account

Oliver queen buys 100 shares of stock in green arrow archery corporation, a publicly traded company with which he is not affiliated as a director, officer, or employee. he then sells his 100 shares to john diggle. the sec sues oliver because he didn't register the sale of stock to john. who wins? oliver, because the sale falls into the nonissuer exemption oliver, because the sale falls into the private placement exemption the sec, because the transaction is not exempt from registration the sec, because even exempt transactions must be registered with the sec