Luchen Modo, a software development firm in Asia, launched a new software for smartphones that allowed users to remotely control certain functions and features of their vehicles, such as ignition, windshields, and headlights. The success of this technology prompted other companies across the world to produce similar software. In this scenario, which of the following is most likely to have influenced other companies to produce similar software?
A. Establishment of new industries
B. Inflow of innovation
C. Access to factors of production
D. Reduced risk
Answer: B
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When all of the cash for an account previously written off under the direct write-off method is unexpectedly collected, the correct entry is
a. debit Bad Debt Expense and credit Accounts Receivable. b. debit Accounts Receivable and credit Bad Debt Expense. c. debit Cash and credit Accounts Receivable. d. dependent on the period in which the cash was collected.
Which of the following would not be used as part of analytical procedures for marketable securities?
a. Develop expectations about the level of amounts in ending balances. b. Develop expectations about the relationship between the balances. c. Verify ending balances prior to calculating the percent change. d. Review changes in the balances, risk composition, and classification types.
Of all third-party interventions, mediation goes the farthest in putting the issues under dispute back in the hands of the disputing parties.
Answer the following statement true (T) or false (F)
Level Fencing Company wants to present information in "disclosure documents" via the Internet to prospective franchisees. Among other legal requirements with which Level Fencing must comply, prospective franchisees must? A) agree to settle any lawsuits that may arise over the documents
B) be able to download or save all electronic documents. C) provide e-mail addresses for Level Fencing to verify users' authenticity. D) register with the Federal Trade Commission via Level Fencing's Web site.