Under accrual accounting, revenue is recognized:
A) when cash is received, and expenses, when cash is paid.
B) when cash is received, and expenses, when they are incurred.
C) when it is earned, and expenses, when the costs are incurred.
D) When it is earned, and expenses when cash is paid.
C
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Which sources of secondary data would be helpful in defining the problem of Wendy's increasing its share of the fast food market?
A) a field research project conducted by Wendy's to answer the question of how to increase its share of the fast food market B) a report from the Fast Food Retailers Association on changing preferences for consumer tastes C) a U.S. Census Bureau report on the changing demographic profile of the U.S. consumer D) all of the above E) B and C only
Nearly 30 percent of the world's population lived in urban areas in 1950; in 2010, more than half of the world's population was urban, and this proportion is projected to increase to 60 percent by the year 2030.
Answer the following statement true (T) or false (F)
Functional benchmarking
A. is useful when researching industry-specific standards. B. endeavours to determine best practices regardless of industry. C. restricts the search for best practices to competitors. D. is not very useful for organizations with a divisional organizational structure.
Securities issued in a private placement are called __________ securities
a. qualified b. private c. restricted d. shelf