Assuming unearned revenues are originally recorded in balance sheet accounts, the adjusting entry to record earning of unearned revenue is:
A. Increase an expense; increase a liability.
B. Increase an expense; decrease a liability.
C. Increase an asset; increase revenue.
D. Decrease a liability; increase revenue.
E. Increase an expense; decrease an asset.
Answer: D
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Which of the following best characterizes average consumers' current media consumption patterns?
A) Consumers spend more time listening to the radio than on their mobile phones, but less time on magazines and newspapers. B) Consumers spend more time reading magazines and newspapers than on their mobile phones, but less time listening to the radio. C) Consumers spend more time on mobile devices than on radio, magazines, and newspapers combined. D) Consumers spend an average of two hours and 52 minutes on radio, magazines, and newspapers combined. E) Consumers spend an average of one hour and 46 minutes on mobile devices.
The client is a corporation which uses high-tech equipment to manufacture its product. Because of the high level of wear and tear due to long production runs and frequent technology changes, the client usually replaces the equipment every two years. According to IRS guidance, the MACRS life of the equipment is five years. In order to accelerate depreciation deductions, which tax depreciation option should the client elect?
A. MACRS with a straight-line election B. units-of-production method C. regular MACRS treatment D. alternative depreciation system (ADS)
Rganizations generally match production processes to the product based on which two criteria?
a. Cost per unit and customer complaints b. Product quality and customer demand c. Product throughput time and expected delivery time to customer d. Production volume and variety of goods/services
A training method by which a trainee learns by working with an experienced employee is called
A. simulation training. B. role-playing. C. on-the-job training. D. classroom teaching. E. seminars.