Treasury stock is stock that has been authorized, issued, and is outstanding.
Answer the following statement true (T) or false (F)
False
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Indicate whether each of the following statements is true or false.________ a) The extension of a warranty on goods sold normally represents a legal obligation to the seller of the goods.________ b) The entry to recognize the warranty obligation increases the Warranties Payable account and decreases a revenue account.________ c) The entry to record the payment of cash to settle a warranty claim increases expenses (Warranties Expense) and decreases liabilities (Warranties Payable).________ d) Net income is not affected by the entry to record the payment of cash to settle a warranty claim.________ e) Total assets are not affected by the adjusting entry to record the warranty obligation.
What will be an ideal response?
The chance of ethical crises occurring is enhanced if
A. the organization has a weak ethical culture. B. the shareholders have no confidence in the CEO. C. employees follow the direction of the leader. D. the leader defines the corporate culture.
Which of the following statements on an operations schedule is BEST?
A) It determines when employees work. B) It assigns employees to tasks depending on availability. C) It assigns customers to a definite time for order fulfillment. D) It assigns jobs to workstations or employees to jobs for specified time periods.
Running a big sale in order to generate enough cash flow to pay creditors is typical in a situation in which a firm's primary pricing objective is
A. keeping the status quo. B. profit. C. survival. D. market share. E. recovery.