Which marketing mix element describes what a buyer exchanges with a seller?
A. place
B. perception
C. price
D. product
E. promotion
Answer: C
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If the owner of a sole proprietorship retires or dies, the owner's heirs may take over the business and either sell it or continue to operate it.
Answer the following statement true (T) or false (F)
When searching on an electronic (online) tax service, which approach is more frequently used?
A. Internal Revenue Code section approach B. Keyword approach C. Table of contents approach D. Index E. All are about the same
If the taxpayer elects to defer the gain on an involuntary conversion, the holding period of the replacement property begins on the date of purchase.
Answer the following statement true (T) or false (F)
On November 1, 2019, Bug Busters collected $6,000 in advance for three months of service to be provided beginning on that date. Bug credited unearned service revenue for $6,000. The books are adjusted only at year-end.Prepare the adjusting entry required on December 31, 2019.
What will be an ideal response?