A ________ aims at a carefully defined target market by offering a unique product assortment, knowledgeable salesclerks, and better service.
A. department store
B. general store
C. specialty shop
D. mass-merchandising shop
E. convenience store
Answer: C
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U.S. GAAP and IFRS provide criteria for distinguishing operating leases from capital leases. Which of the following is/are true?
a. Under the capital, or finance, lease method, the lessor records the signing of a capital lease the same as if the lessor sold the leased asset for an installment note receivable. b. Under the capital, or finance, lease method, the lessee recognizes interest expense on the lease liability, similar to recognizing interest expense on long-term notes or bonds. c. Under the capital, or finance, lease method, the lessee amortizes the leased asset, similar to recognizing depreciation on buildings and equipment. d. Under the capital, or finance, lease method, the lessee records the leased asset and the lease liability on the balance sheet at the present value of the contractual cash flows at the time of signing the lease. e. all of the above
Which is NOT one of the responsibilities of management in ensuring accuracy and transparency in providing financial statements ?
a. Establish a framework for open timely communication with auditors. b. record identified audit differences. c. provide creative accounting solutions. d. base business decisions on economic reality.
Spam is illegal per se
a. True b. False Indicate whether the statement is true or false
Use Table 11.2 to answer this question. What should the MPS quantity be for week 5?
A) 190 B) 150 C) 170 D) 160