An operating segment is a reportable segment if it
A. satisfies the revenue, profit, and asset tests.
B. satisfies the revenue, profit, or asset tests.
C. operates predominately within a single industry.
D. satisfies the net income test.
Answer: B
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Bonds that are backed solely by the general credit of the corporation are called
a. serial bonds; b. convertible bonds; c. debenture bonds; d. callable bonds; e. coupon bonds.
How are permit departments helpful in conversion investigation efforts?
a. Identifying the nature and location of businesses, new leases, and recent construction. b. Obtaining information about chattel mortgages and loans to individuals or businesses on equipment. c. Obtaining license numbers used for identification in transactions. d. Identifying owned assets, indebtedness, mortgage holders, trustees or straw buyers.
Sarah's Paralegal Services completed these transactions in February: a. Purchased office supplies on account, $300.b. Completed work for a client on credit, $500.c. Paid cash for the office supplies purchased in (a).d. Completed work for a client and received $800 cash.e. Received $500 cash for the work described in (b).f. Received $1,000 in advance from a client for services to be performed in March.Prepare journal entries to record the above transactions. Explanations are not necessary.
What will be an ideal response?
Customer perceptions of the product's value set the floor for prices
Indicate whether the statement is true or false