When the net price method is used to record credit sales, the sales discounts not taken account is reported as a(n)
A) addition to sales returns and allowances on the income statement.
B) deduction from gross sales on the income statement.
C) deduction from selling expenses on the income statement.
D) addition to sales revenue on the income statement.
D
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Which of the following statements is true regarding the early stages of the product life cycle?
A) competition is generic B) there are several competitors C) products are positioned against a particular competitor D) positioning decisions focus more on differentiating benefits and features
Which of the following is/are true concerning convertible bonds or convertible preferred stock?
a. Convertible bonds and convertible preferred stock permit the owner either to hold the security as a bond or preferred stock or to convert the security into shares of common stock. b. The owner cannot detach and transfer, or separately exercise, the conversion option. c. The issue price of a convertible bond or convertible preferred stock is payment for both debt or preferred stock and for the conversion option, but no one can observe the fair value of these separate components. d. U.S. GAAP requires firms to allocate the full issue price to the bonds or preferred stock and none of the price to the conversion feature. e. all of the above
How is the concept of industrial democracy consistent with the traditional values of the United States democratic system?
Fill in the blank(s) with the appropriate word(s).
What does the term "mitigation" refer to in connection with damages?
A) The duty of a nonbreaching party to make reasonable efforts to reduce damages B) The calculation of lost profits in determining damages C) The combination of the different kinds of damages into a single dollar amount D) The duty of the breaching party to make a damages payment as soon as practical E) The requirement of the nonbreaching party to allow the breaching party one final chance to perform the contract before being entitled to collect damages