The franchise organization is an example of a corporate vertical marketing system
Indicate whether the statement is true or false
FALSE
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A justified departure from GAAP will result in the issuance of an adverse opinion
a. True b. False Indicate whether the statement is true or false
If a company receives $12,000 from a stockholder, the effect on the accounting equation would be:
A. Assets increase $12,000 and liabilities increase $12,000. B. Assets decrease $12,000 and equity decreases $12,000. C. Assets increase $12,000 and equity increases $12,000. D. Assets increase $12,000 and liabilities decrease $12,000. E. Liabilities increase $12,000 and equity decreases $12,000.
A company using the periodic inventory system has the following account balances: Merchandise Inventory at the beginning of the year, $3,600; Freight-In, $650; Purchases, $10,700; Purchases Returns and Allowances, $1,950; Purchases Discounts, $330. The cost of merchandise purchased is equal to
A) $12,670 B) $9,070 C) $8,420 D) $17,230
Which specialized part of public relations identifies emerging trends and anticipates their potential impact on an organization?
A. Public affairs D. Issues management B. Public opinion E. Lobbying C. Publicity