Industrial policies
a. require formal explicit efforts by governments.
b. will not be implicit.
c. have never been used by the U.S. government.
d. should be approved by the World Trade Organization.
a. require formal explicit efforts by governments.
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Federal income taxes withheld increase the employer's payroll tax expense
a. True b. False Indicate whether the statement is true or false
Assume that a company received $1,200 in advance for one year membership fee in the fitness center. The entry that would be made to record the recognition of revenue at the end of first month is:
a. Revenue 1,200 Cash 1,200 b. Cash 100 Revenue 100 c. Unearned revenue 100 Revenue 100 d. Revenue 100 Unearned revenue 100
A corporation issues bonds that pay interest each February 1 and August 1 . The corporation's December 31 adjusting entry might include a
a. debit to Unamortized Bond Premium. b. debit to Cash. c. debit to Bond Interest Payable. d. credit to Bond Interest Income.
How can firm performance affect market structure?
a. The best performing firms can dominate the market in the long term by setting standards for prices b. The best performing firms can have exclusive access to key resources c. Firm performance cannot affect market structure d. a and b