Indicate whether each of the following statements is true or false.________ a) Loaning cash to another company is considered a financing activity on the statement of cash flows.________ b) The major difference between treating the extension of credit to a customer as accounts receivable and treating it as notes receivable is the existence of interest.________ c) In a promissory note, the payee issues the note to the maker.________ d) Interest rates are always stated on an annual basis, regardless of the length of the note.________ e) Accruing interest on a note receivable is considered an asset use transaction.
What will be an ideal response?
a) F b) T c) F d) T e) F
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Which of the following statements is correct?
a. Minimum (corridor) amortization of net unrecognized gain or loss is not allowed for postretirement benefit plans. b. Immediate recognition of gains and losses is allowed for postretirement benefit plans but not for pension plans. c. Immediate recognition of gains and losses is allowed for pension plans but not for postretirement benefit plans. d. Minimum (corridor) amortization of net unrecognized gain or loss is the only amortization method allowed for postretirement benefit plans.
What is the point of sending "for-your-information" messages, if they are not related to business information?
What will be an ideal response?
A distinctive competence is not
A. a basis for sustainable competitive advantage. B. capable of delivering stand-out value to customers (in the form of lower prices, better product performance, or superior service). C. a competitively important activity that a company performs better than its rivals. D. typically less restrictive for rivals to copy than a core competence. E. considered as a superior internal strength.
Which of the following would be considered information?
a. $64,000 b. 38 years old c. male d. computer programmer e. a 38-year-old male computer programmer making $64,000 per year