A liability may exist even if there is uncertainty about whom to pay, when to pay, or how much to pay.
Answer the following statement true (T) or false (F)
True
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When the service provided does not measure up to the firm’s or to the industry’s standards, it is known as ______.
A. the service design and standards gap B. the service delivery performance gap C. the communication gap D. the service planning gap
The owner of a grocery store wants to have non-food items delivered, priced, displayed and inventoried by a wholesaler. Which type of wholesaler best fits the owner's needs?
A) drop shipper B) cash-and-carry wholesaler C) truck jobber D) rack jobber E) mail-order wholesaler
Paxton Inc had the following information related to last year's sales: Cash sales $150,000 Credit sales 280,000 Accounts receivable - beginning 30,000 Accounts receivable - ending 56,000 What amount would be reported as "cash collections from customers" on the statement of cash flows using the direct method?
A) $404,000 B) $176,000 C) $516,000 D) $306,000
A rule that is not automatically discriminatory, but which may be discriminatory in practice because it excludes too many people in a protected group is considered? A) disparate treatment
B) prima facie discrimination. C) unbalanced treatment. D) disparate impact.