This is the term for any item that has value based on its rarity or popular demand, and can include such things as comic books, coins, stamps, antiques, and toys.
A) Specialty Goods
B) Perishable Goods
C) Needed Goods
D) Collectibles
E) Commodity
D) Collectibles
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When Tiger Woods plays in the Buick Open, the golf tournament is an example of event marketing
Indicate whether the statement is true or false
Clarke Shop purchased supplies at a cost of $18,000 during 2015 . At January 1, 2015, the beginning balance in the supplies account was $1,000 . For 2015, supplies expense was $16,000 . How much "Supplies" are on hand as of December 31, 2015?
a. $ 1,000 b. $ 3,000 c. $16,000 d. $17,000
Answer the following statements true (T) or false (F)
1. The useful life of a plant asset is the length of the service period expected from the asset. 2. Estimated residual value is not depreciated because the company is guaranteed to receive this amount when the asset is sold. 3. Estimated residual value can be zero if the company does not expect to receive anything when 4. When a business uses the straight-line method of depreciation, the amount of depreciation is reduced from year to year. 5. The book value of a plant asset is reported on the balance sheet as the cost of the asset minus accumulated depreciation.
Gobbledygook is language that is long-winded and ______________
a. exciting b. irrelevant c. juvenile d. pompous