The Discount on Bonds Payable account is shown on the balance sheet as
a. an asset.
b. an expense.
c. a long-term liability.
d. a contra long-term liability.
d
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What criteria do patients often use when selecting physicians?
a. medical schooling b. proximity to their home c. perceived image d. experience
A major disadvantage of the observation method of analyzing cost behavior is:
a. It bases its solution on only two observations. b. It results in its analyzed cost being treated as either fixed or variable, based on which type of behavior it more closely resembles. c. Two persons could draw different lines through the data points. d. It enables non-representative points, called outliers, to be identified.
In standard costing,
A) the standards are developed only for overhead costs. B) the standards are developed primarily from past costs. C) comparisons with actual costs usually are not performed. D) debit and credit entries to inventory accounts are made at standard costs.
It is best for the nonprofit marketing director to have a line function (instead of staff function) so as to
a. advise programs or people b. be a resource person or consultant c. influence top management to think in a marketing mindset d. not be constrained by planning and programs e. avoid being absorbed by public relations or fund development