The FDA began issuing regulations for nutrition labeling in:
a. 1909 b. 1940 c. 1970 d. 1973 e. 1990
d
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(Appendix) When preparing a schedule for the calculation of cash generated from operating activities under the direct method, an increase in Prepaid Insurance is
a. subtracted from cost of goods sold. b. added to cost of goods sold. c. added to operating expenses. d. subtracted from operating expenses.
On January 1, Year 1, Wilson Company borrowed $70,000 from State Bank. The note stipulates a 3-year term with a 3 percent interest rate. On December 31, Year 1, Wilson recorded an adjusting entry to accrue interest expense. Based solely on these events, indicate whether each of the following statements is true or false.________ a) The Year 1 income statement is not affected because interest expense has been accrued but not paid. ________ b) The Year 1 statement of cash flows will show a $70,000 cash inflow from investing activities.________ c) Accruing interest expense in Year 1 increased a liability.________ d) Accruing interest expense is a claims exchange transaction.________ e) Both assets and equity decreased in Year 1 as a result of this transaction.
What will be an ideal response?
A major disadvantage of advertising is that _____
a. a small audience is attracted b. retail control over message timing and content is low c. few alternative media are available d. the message is standardized and inflexible
During an interview, an applicant reveals that she has been active in supporting unions in the past. An appropriate response by you, the interviewing manager, is:
A. To ignore her statement. B. To inform her that the company does not support unionization. C. To inform her that the information is irrelevant to your hiring decision and find some other reason not to hire. D. To inform her that the information is irrelevant and proceed with hiring as if the information had not been given.