The services of full-service suppliers can be categorized into all of the following types of services EXCEPT:
A) syndicated services.
B) environmental services.
C) customized services.
D) Internet services.
E) B and D
B
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Below is information for Toronto Imports Corp for 2015 and 2016: Bonds payable, December 31, 2015 $500,000 Bonds payable, December 31, 2016 800,000 Loss on bond retirement—2016 15,000 Interest expense on bonds—2016 45,000 At the end of 2016, Toronto issued bonds at par value for $800,000 cash. The proceeds from these bonds were used to retire the $500,000 bond issue outstanding at the end of
2015 (before their maturity date). All interest expense was paid in cash during 2016. The following statements describe how Toronto reported the cash flow effects of the items described above on its 2016 statement of cash flows. The indirect method is used to prepare the operating activities section. Which of the following has been reported incorrectly by Toronto? a. Proceeds of $800,000 from the issuance of bonds were reported as a cash inflow in the financing activities section. b. The loss on bond retirement of $15,000 was added to net income in the operating activities section. c. Payments of $560,000 were reported as a cash outflow in the investing activities section. d. Interest expense of $45,000 was not reported separately because it is included in net income in the operating activities section.
A person is not a holder if she is in possession of an instrument that is payable to bearer.
Answer the following statement true (T) or false (F)
Which of the following examples is NOT a billing scheme?
a. Mary purchases a new laptop for her brother-in-law with company's funds. b. Mark submits a receipt of his cab fare for reimbursement, which includes an extra $10. c. Joven double pays a vendor for the purchase of inventory and then pockets the second payment when it is returned. d. Harry submits invoices in the name of the dummy company and collects the amount.
Amazon makes sure its customers can download their Kindle e-books easily from its website when and where they want them. In so doing, it is focusing on creating value through
A. promotion. B. process. C. product. D. price. E. place.