Which of the following financial statements shows how net income (loss) and dividends impacted a stockholders' equity account?
A. Balance Sheet
B. Statement of Cash Flows
C. Income Statement
D. Statement of Retained Earnings
Answer: D
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The lower-of-cost-or-market method of accounting for inventories follows the convention of
A) full disclosure. B) materiality. C) conservatism. D) cost-benefit.
The local health-food store knows that many people might be interested in its products but has decided to aim all of its marketing activities at females under the age of 35. This store is utilizing the:
a. total market approach b. marketing concept c. multisegment approach d. market niche approach e. concentration approach
____________________ is communication that guides other people towards the adoption of an idea or action.
Fill in the blank(s) with the appropriate word(s).
Octavio receives fromPastry Dough, Inc, its catalogue and a "person¬alized" letter inviting Octavio to buy any item at the advertised price. This is
a. an offer because of the "person¬alized" letter. b. an offer because there is no room for price negotiation. c. an offer only if Octavio previously bought items from Pastry Dough. d. not an offer.