A proof copy is the same as a tearsheet.
Answer the following statement true (T) or false (F)
False
A tearsheet is created after the ad has run. A proof copy is prepared before the ad is run.
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Occasionally, companies engage in important investing and financing activities which do not affect cash. If the amount of the transaction is significant, how should it be disclosed when financial statements are prepared?
a. In the investing section if the amount of investing activities are greater than the financing activities amount. b. In the financing section if the amount of financing activities are greater than the investing activities amount. c. In a note to the financial statements or in a supplemental schedule. d. The transaction does not need to be disclosed.
Botanica Beauty, Inc. sells cosmetic products in the United States. Which one of the following is most likely to be a revenue center for Botanica?
A) a Botanica retail store in Dallas B) the Botanica human resource department C) a Botanica kiosk at a mall for selling its products D) the Botanica product lines
Which of the following is not a possible outcome of postulate C-4, stability of the monetary unit?
a. If purchasing power of the monetary unit is not stable, some form of inflation accounting is appropriate. b. If purchasing power of the monetary unit is not stable, historical cost is still justified. c. If purchasing power of the monetary unit is stable, a system of current values is justified. d. If purchasing power of the monetary unit is stable, retention of historical cost is justified.
________ goods are appropriate for intensive distribution, as their sales rely on the consumer seeing the product, feeling an immediate want, and being able to purchase now.
A. Durable B. Convenience C. Shopping D. Impulse E. High-technology