Actual evidence might include the weapon used in a crime
a. True
b. False
a
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A company can use comparisons of its financial data to the data of other companies and industry averages to evaluate its position
a. True b. False Indicate whether the statement is true or false
Industrial economies provide limited marketing opportunities for luxurious goods
Indicate whether the statement is true or false
Stock categorized as trading securities is purchased for $72,000 . At year end, when the market value of the stock is $63,000, the adjusting entry that would be recorded is:
a. Allowance to Adjust Short-Term Investments to Market 9,000 Unrealized Loss on Investments 9,000 b. Unrealized Loss on Short-Term Investments 9,000 Allowance to Adjust Short-Term Investments to Market 9,000 c. Allowance to Adjust Short-Term Investments to Market 9,000 Short-Term Investments 9,000 d. Realized Loss on Investments 9,000 Short-Term Investments 9,000
Underlying every pricing decision is the fact that all costs incurred must be recovered in the long run or the company will no longer be in business
Indicate whether the statement is true or false