Development costs related to computer software that is to be sold, leased, or otherwise marketed should be accounted for in which of the following ways?
A) ?All software development costs incurred between the establishment of technological feasibility and general release should be recorded as R&D expense.
B) ?All software development costs incurred between the establishment of technological feasibility and general release should be capitalized.
C) ?All software development costs should be capitalized until technological feasibility is established.
D) All software development costs should be recorded in R&D expense until the product is available for general release to customers.
B
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When everyone saw the music industry facing a terrible decline due to pirating of songs on the Internet, Apple saw an opportunity for iTunes. This example illustrates which use of marketing research?
A) identify market opportunities and problems B) generate, refine, and evaluate potential marketing actions C) monitor marketing performance D) improve marketing as a process E) improve marketing research as a process
Memos are ?exible and can be written to suit many different purposes
Indicate whether this statement is true or false.
A court will rule that a contract is unconscionable if one side quickly made a contract without reading the entire agreement
Indicate whether the statement is true or false
King Corp. has one million shares outstanding with a par value of $5. On August 24 of this year, it issued a 10% stock dividend when its stock price was $25. As a result of this stock dividend, retained earnings:
A. decreased by $500,000. B. increased by $500,000. C. decreased by $2,500,000. D. increased by $2,500,000.