The entry to close Sales Discounts will include a debit to Income Summary
Indicate whether the statement is true or false
TRUE
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A major gifts campaign should be based on
a. a direct mail solicitation sent to all members of the community b. a telephone campaign segmented according to zip code c. a telethon held on an annual basis, using trained volunteer solicitor d. a list of major donors to other campaigns in the community e. the benefits and costs that each prospect sees in giving
Which of the following statements is true?
A) Both a stock dividend and a stock split increase the balance in the common stock account. B) Both a stock dividend and a stock split reduce retained earnings. C) Neither a stock dividend nor a stock split will result in net gains or losses. D) A stock split increases the par value per share of the stock.
When referencing NAICS codes, marketers should know that
A. the international version of the NAICS system is the most accurate and reliable. B. NAICS codes provide detailed information about the apparel industry only. C. two-digit industries are subindustries of the three-digit industries. D. two-digit codes offer the broadest categorization of industries. E. categories become less detailed as you move to codes with more digits.
In determining what a description means, the terms are construed in the grantee's favor
Indicate whether the statement is true or false