Which of the following is not required for a valid financing statement?
A) Name of creditor
B) Name of debtor
C) Description of the property
D) Both a and c
E)?All of the above are required
E
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Assume that the balance of accounts payable does not change during a period. When preparing a statement of cash flows, an increase in ending inventory over beginning inventory will result in an adjustment to net income under the indirect approach because
a. the amount of cost of goods sold is equal to the amount of cash paid for purchases. b. consumed inventory is an expense but not a use of funds. c. the amount of cost of goods sold on an accrual basis is less than the amount of cash paid for purchases of inventory. d. the amount of cash paid for purchases of inventory is less than the amount of cost of goods sold on an accrual basis.
A U.S. firm is analyzing its business prospects in China. Marketing executives understand which of the following to be true of this potential market?
A. China maintains a thriving retail market, despite the slowing growth of its gross domestic product. B. China's economy has recently seen a substantial decrease in its Global Retail Development Index (GRDI). C. China's population has been aging due to its one-child policy but this is not expected to have a significant impact on its economy. D. Recent developments in China have led to dramatically decreased living standards and levels of personal freedom. E. China's leadership, which maintains communist political ideals, has rejected market-oriented economic development.
In which of the following types of franchises does a franchisor provide a secret formula or process to the franchisee?
A. chain-style franchise B. area franchise C. distributorship franchise D. processing plant franchise
An applicant flow record is required mandatorily to be filled by all job applicants as part of the selection process.
Answer the following statement true (T) or false (F)