Which of the following is considered a period cost?
A. Cost of merchandise purchased
B. Advertising expense for the current month
C. Transportation cost on goods received from suppliers
D. None of these answer choices are considered a period cost
Answer: B
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Cuisine Company received a 6-month, 6% note for $10,000 from its president on October 1, 2016 . The note is due on March 31, 2017 . If Cuisine's accounting period ends on December 31, how much interest revenue should Cuisine recognize during 2016 and 2017? 2016 2017
a. $450 $150 b. $600 $ 0 c. $300 $300 d. $150 $150
In a compensation deal, the seller sells a plant, equipment, or technology to another country and agrees to accept as partial payment products manufactured with the supplied equipment
Indicate whether the statement is true or false
To reflect greater uncertainty (greater risk) about a future cash inflow, an analyst could
a. increase the discount rate for the cash flow. b. decrease the discounting period for the cash flow. c. increase the expected value of the future cash flow before it is discounted. d. extend the acceptable length for the payback period.
When you state bad news, you should provide suf?cient details to cover any questions the reader might have
Indicate whether this statement is true or false.