All the following are legal duties of a product manufacturer except:
A) police vendor's activities when the product is in the vendor's hands
B) manufacture safe products
C) provide safe packaging
D) provide adequate instructions
A
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The following is from Goldman Inc's 2016 income statement. Purchases $172,000 Transportation-In 11,000 Inventory, January 1, 2016 26,500 Inventory, December 31, 2016 28,800 Purchase Returns and Allowances 8,400 How much will Goldman report as cost of goods purchased in its 2016 income statement?
a. $180,400 b. $174,600 c. $183,000 d. None of these choices
A product life cycle has five distinct stages: product development, introduction, growth, maturity, and ________
A) stabilization B) rebranding C) decline D) progression E) segmentation
Use this information pertaining to Tucson Company to answer the following question. 1. The corporation's Supplies account showed a beginning debit balance of $400 and supplies purchased of $1,600. There were $600 of supplies on hand at year end. 2.Depreciation on a building being depreciated over 5 years is estimated to be $10,000 per year. The building was purchased at the beginning of the prior
year for $50,000. 3.A one-year insurance policy was purchased for $4,800. Five months have passed since the purchase. 4.Accrued interest on a note receivable amounted to $200. 5.The company received a $3,600 advance payment during the year on services to be performed. By the end of the year, one-third of the services had been performed. Which of the following statements is correct regarding the building? A) The adjusting entry to record depreciation will include a credit to Accumulated Depreciation - Building $10,000. B) The book value of the building at the end of the current year is $30,000. C) The Accumulated Depreciation - Building account will have a balance of $20,000 at the end of the current year. D) All of these choices.
Printed magazines offer excellent psychographic and geographic selectivity
Indicate whether the statement is true or false