Purchasing supplies on credit and paying for them 45 days later is an example of discretionary
financing.
Indicate whether the statement is true or false
FALSE
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If shares of preferred stock are sold at par value for cash, the transaction would be entered by
a. debiting Cash and crediting Preferred Stock. b. debiting Preferred Stock and crediting Cash. c. debiting Preferred Stock Subscriptions Receivable and crediting Preferred Stock. d. debiting Preferred Stock Subscribed and crediting Preferred Stock.
Juliet repairs, buys, and sells old video games to a growing customer base of collectors and fans. She finds that as the products get scarcer, she can charge higher prices for her services and products. This is an example of ________
A) reduce-focus pricing B) skim pricing C) low-cost-leader pricing D) plus-one pricing E) harvest pricing
Elected boards are MOST common in ______.
A. public organizations B. charitable nonprofits C. member-serving and advocacy organizations D. organizations headed by a chief executive officer
A(n) _____ is used to indicate forceful summarizing, forceful repetition, and afterthoughts
A. dash B. period C. comma D. exclamation point