Seasonal dating is used to promote sales during the off-season. This process involves:
A) extending the credit period until after the season ends.
B) extending both the discount period and the credit period by two months.
C) accepting orders early but withholding shipment until the peak season.
D) accepting orders early but dating the invoice when the goods are actually shipped.
E) dating an invoice at a later date than when the goods are shipped.
E) dating an invoice at a later date than when the goods are shipped.
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Outdoor advertising has changed dramatically with the development of new technologies, such as global positioning systems, wireless communications, and digital display technology
Indicate whether the statement is true or false
Individual entries are posted from which of the following columns in the combination journal to the proper general ledger account?
a. Post. Ref. column b. Date column c. Cash Credit column d. General Debit column
________ refers to the activities involved in selling products or services directly to final consumers for their personal, nonbusiness use
A) Sole sourcing B) Retailing C) Manufacturing D) Procurement E) Warehousing
When we view the business entity in the context of accounting, as well as in its legal form, it is clear that:
a. the entity is separate from its owners. b. the entity is identical to its owners. c. the pooling method should be used for business combinations. d. entities should be considered as one unit as a result of one controlling the other(s).