Indicate whether each of the following statements is true or false. (Assume a periodic inventory system) ________ a) If the balance in ending inventory is overstated, net income will be understated.________ b) If the balance in ending inventory is understated, retained earnings will be understated.________ c) If the balance in ending inventory is overstated, selling and administrative expenses will not be affected.________ d) If the balance in ending inventory is overstated, cost of goods sold will be overstated.________ e) If the balance in ending inventory is overstated, assets will be overstated.
What will be an ideal response?
a) F b) T c) T d) F e) T
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Changes in technology and the explosive growth of direct and online marketing are having a profound impact on the nature and design of marketing channels
One major trend is toward ________ insofar as product or service producers cut out intermediaries and go directly to final buyers or when radically new types of channel intermediaries displace traditional ones. A) intermediation B) disintermediation C) vertical marketing systems D) horizontal marketing systems E) corporate vertical marketing systems
The advantages of financial leverage accrue primarily to
A) management. B) stockholders. C) the government. D) creditors.
The burden of proof in both civil and criminal cases is "beyond a reasonable doubt."
Indicate whether the statement is true or false
Expert Pavers, Inc, contracts with Fabricated Building Corporation to repave Fabricated's parking lot for which Fabricated agrees to pay.The requirements of this, and any other, contract do not include A) consideration
B) capacity. C) legality. D) practicality.