The firm recognizes an expense when the following condition(s) hold(s)
a. The consumption of the asset results from a transaction that leads to the recognition of revenue.
b. The consumption of the asset results from the passage of time.
c. The expenditures on advertising must be recognized as expense in the period of expenditure.
d. The expenditures on research must be recognized as expense in the period of expenditure.
e. all of the above
E
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Sonya has created a sales call allocation grid. Describe the attractiveness of the accounts that fall into the grid segment denoting weak strength of position but high opportunity. What sales strategies should she use for these accounts?
What will be an ideal response?
Which of the following is intended to avoid unjust enrichment?
A. Void contract B. Express contract C. Quasi contract D. Bilateral contract
If a lease is classified as a capital lease because the lease agreement contains a bargain purchase option, the time period to be used by the lessee to amortize the leased property is
A. the lease term. B. the expected economic life of the property. C. the lease term or the expected economic life of the property, whichever is shorter. D. the maximum amortization period for intangible assets.
Many banks and phone companies now charge fees for once-free services to ensure minimum customer revenue levels. This helps banks to ________
A) reduce the rate of customer defection B) make low-profit customers more profitable C) enhance the growth potential for each customer through cross-selling D) increase the longevity of the customer relationship E) focus disproportionate effort on high-value customers