The Legal Environment of Business: Text and Cases
9th Edition
ISBN: 9781305764460
Author: Frank B Cross/ Roger LeRoy Miller
Publisher: CENGAGE C
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Chapter 27, Problem 2BS
Summary Introduction
Case summary: Company A and Company D are the competitors who sell similar appliances and target similar audience. They sell appliances mainly in the states of Indiana, Illinois, Ohio, and Kentucky. Both the companies decided that company A will no longer sell in the states of Indiana and Ohio and company D will no longer sell in the states of Illinois and Kentucky.
To find: The violation of the antitrust law by company A and company D.
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During the year, Kiner Company made an entry to write off a $9,000 uncollectible account. Before this entry was made, the balance in accounts receivable was $315,000 and the balance in the allowance account was $27,000. The net realizable value of accounts receivable after the write-off entry was: A. $200,000. B. $184,000. C. $176,000. D. $288,000. answer
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The Legal Environment of Business: Text and Cases
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