Where should goods in transit that were recently purchased f.o.b. destination be included on the balance sheet?
a. Accounts payable.
b. Inventory.
c. Equipment.
d. Not on the balance sheet.
Ans: d. Not on the balance sheet.
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Whenever you observe or give meaning to behavior, ______ is taking place.
Fill in the blank(s) with the appropriate word(s).
At the middle management level, where managers supervise work and make operating decisions, cost information highlights:
A. financial position and income according to accounting rules. B. comparability across firms. C. the company's overall performance. D. some aspect of operations that is different from expectations.
Compared to the United States, China and India have:
A. smaller market size. B. higher gross domestic product growth rates. C. higher per capita gross domestic products. D. lower population.
What sources capital for a project by raising many small amounts from a large number of individuals, typically via the Internet?
A. Crowdfunding B. Tacit knowledge C. Crowdsourcing D. Explicit knowledge