A complex element must have more than one simple element
Indicate whether the statement is true or false
FALSE
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Which of the following promotion categories is most likely to include the use of displays, discounts, coupons, and demonstrations?
A) sales promotion B) direct marketing C) horizontal diversification D) public relations E) advertising
Charger Company's most recent balance sheet reports total assets of $27,000,000, total liabilities of $15,000,000 and total equity of $12,000,000. The debt to equity ratio for the period is (rounded to two decimals):
A. 1.80 B. 0.80 C. 0.56 D. 0.44 E. 1.25
Which of the following is NOT a difference between the percentage-of completion and completed-contract methods of accounting for long-term construction contracts?
a. They report different amounts for inventory during the construction period. b. They report different amounts for progress billings during the construction period. c. They cause a different cash inflow during the construction period. d. They report different amounts for accounts receivable during the construction period.
Under current accounting rules, the plant and equipment account shows the historical cost
(purchase price) of, plus any subsequent improvements to, the plant and equipment. Indicate whether the statement is true or false