A company shows a $600 balance in Prepaid Rent in the Unadjusted Trial Balance columns of the work sheet. The Adjustments columns show expired rent of $200. This adjusting entry results in:
A. $200 difference between the debit and credit columns of the Unadjusted Trial Balance.
B. $200 of prepaid insurance.
C. An error in the financial statements.
D. $200 increase in net income.
E. $200 decrease in net income.
Answer: E
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Identify the correct statement about differentiation
A) It usually implies lower costs for the customers. B) For highly technical products, differentiation is built solely on the basis of perception. C) It is based on obtaining an observable point of difference that customers will value. D) Consumer products are usually differentiated through real difference.
Enabling meaningful, personalized communication between a business and its customers is most essential to which of the following?
A) the marketing mix B) brand management C) customer relationship management D) the production orientation E) social responsibility
A/An _____ involves sending a preliminary survey to suppliers
a. request for quotation b. request for information c. purchase order d. order release e. All of the above.
A control that involves reprocessing transactions that are rejected during initial processing is an example of:
A. preventive controls B. detective controls C. corrective controls D. programmed controls