Which of the following is generally considered to be a service organization?
a. An antiques showroom
b. A manufacturer
c. A shipping company
d. A mass-market retailer
c
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Corporations sometimes distribute assets other than cash when paying a dividend. Which of the following is not true?
a. Such a dividend is sometimes known as a dividend in kind. b. Such a dividend is sometimes known as a property dividend. c. The amount debited to Retained Earnings equals the fair value of the assets distributed. d. When this fair value differs from the carrying value of the assets distributed, the firm does not recognizes a gain or loss in net income. e. The accounting for property dividends resembles that for cash dividends, except that when the firm pays the dividend, it credits the asset given up, rather than Cash.
Which type of presentation is like a printed document because it is outlined like a traditional message and follows a predetermined flow from beginning to? end?
A. Predefined B. Predetermined C. Visual D. Linear E. Nonlinear
First movers:
A. are not able to gain from moving down the experience curve. B. are better positioned to satisfy customers. C. fail to secure important channels. D. face more competition than late movers.
Which of the following events involves a deferral?
A. Recording supplies that have been purchased with cash but not yet used. B. Recording salaries owed to employees at the end of the year that will be paid during the following year. C. Recording revenue that has been earned but not yet collected in cash. D. Recording interest that has been earned but not received.