Which of the following is an example of a sustaining technology?
A. Porsche's faster car.
B. Intel's low-end microprocessor.
C. Sony's transistor-based consumer electronics (transistor radio).
D. All of the above.
A. Porsche's faster car.
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The following gifts are received in 2016 by a not-for-profit entity:I. $2,000 specified by the donor to be used to pay salaries.II. $10,000 specified by the donor for new conference room furniture.III. $5,000 specified by the donor to be held for one year before being expended.The salaries are paid in 2017 and the conference room furniture is purchased in 2016. The donor did not specify any time restriction on holding the conference room furniture.What amount should be reclassified on the Statement of Activities for 2017 from the Temporarily Restricted column to the Unrestricted column?
A. $12,000. B. $7,000. C. $5,000. D. $2,000. E. $10,000.
A decline in purchasing power is evidenced by all of the following except:
a. inflation. b. a continuing rise in the general level of prices in an economy. c. buying the same amount of goods or services for a higher price a year later. d. current value is equal to historical cost.
Over the life of a note, the maker of a note recognizes ____________ on the balance sheet and _____________ on the income statement
Fill in the blank(s) with correct word
A baseball team ordered 500 wooden baseball bats from Bats, Inc, for delivery on June 1 . On May 15, the ball team received 500 aluminum bats instead of the wooden ones. As of May 16, Bats, Inc
a. may cure before June 1. b. has breached the contract and is liable for damages. c. has breached the contract only if the baseball team rejects the goods. d. may cure if the baseball team gives Bats, Inc. permission to do so.