A record of the increases and decreases in a specific asset, liability, equity, revenue, or expense is known as a(n):
A. Posting.
B. Account.
C. Trial balance.
D. Chart of accounts.
E. Journal.
Answer: B
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When a parent company and a 100 percent owned subsidiary company are consolidated using the purchase method, only the stockholders' equity of the parent company remains
Indicate whether the statement is true or false
The demographic characteristics of the population and its culture are referred to as
A. market forces. B. cultural forces. C. psychographic forces. D. social forces. E. attitudinal forces.
Which of the following is NOT a contributor to distribution costs?
a. the weight of a product b. the quantity of it shipped c. the distance the product must travel d. the quality of the product shipped
Answer the following statement(s) true (T) or false (F)
1. A revenue model explains how an entrepreneur will make money from the customer value proposition. 2. A business model and a revenue model mean the same thing. 3. The razor-and-razor-blade model is an example of an intermediation revenue model. 4. An advertising revenue model gets revenue through advertising products and service. 5. Real estate brokers represent an intermediation revenue model because they help manage the transaction between the home seller and the home buyer. 6. In general, reducing operating costs is the most effective way of yielding long-term gains.