Lenz Corporation issued ten-year, 8 percent bonds payable in 2009 at a premium. During 2009, the company's accountant failed to amortize any of the bond premium. The omission of the premium amortization will
a. cause net income for 2009 to be overstated.
b. not affect net income reported for 2009.
c. cause net income for 2009 to be understated.
d. cause retained earnings at the end of 2009 to be overstated.
C
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Firms that pursue extremely high or extremely low levels of diversification perform better than those that pursue moderate levels of diversification.
Answer the following statement true (T) or false (F)
Under normal circumstances, a purchasing manager who buys poor quality materials because they were cheaper could potentially be responsible for causing all of the following variances except a(n):
a. Favorable purchase price variance. b. Unfavorable materials quantity variance. c. Unfavorable purchase price variance. d. Unfavorable labor efficiency variance.
The ______ is the foundation of the other four steps in the strategic planning process.
a. criteria b. vision c. mission d. objectives
Which of the following is NOT a part of the pitching process?
A) building a connector list based on the target audience B) searching online for specific information about a publication C) identifying suitable topics in a publication's editorial calendar D) calling the publication to speak with the investor relations manager E) keeping track of pitching opportunities using a spreadsheet