The scientific study of relationships between signs, symbols, and words and their meaning is called ________.
A. proxemics
B. semantics
C. paralanguage
D. vocalics
Answer: B
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The installment method of recognizing revenue
a. should be used only in cases in which no reasonable basis exists for estimating the collectibility of receivables. b. is not a generally accepted accounting principle under any circumstances. c. should be used for book purposes only if it is used for tax purposes. d. is an acceptable alternative accounting principle for a firm that makes installment sales.
At January 1 . 2014, a company had a net valuation allowance account credit balance for investments in securities available-for-sale of $20,000 . At December 31 . 2014, the total cost of the relevant portfolio was $300,000, and total market value was $275,000 . The entry required on December 31 . 2014, would reflect a
a. $5,000 decrease in net income. b. $25,000 decrease in net income. c. credit of $5,000 to the valuation allowance account. d. debit of $25,000 to the unrealized loss account.
Which of the following accounts showing a balance on the post-closing trial balance indicate an error?
A. Retained earnings. B. Accumulated Depreciation-Office Equipment. C. Depreciation Expense-Office Equipment. D. Salaries Payable. E. Office Equipment.
NoGas, Inc, designs and makes a non-fuel propulsion system that copies parts of Omni Momentum Corporation's designs without Omni's permis¬sion. This is most likely
a. copyright infringement. b. patent infringement. c. trademark infringement. d. not infringement.