Which of the following reflects the effect of the year-end adjusting entry to record estimated uncollectible accounts expense using the allowance method? Assets=Liab.+Stk.EquityRev.?Exp.=Net Inc.Stmt of CashFlowsA.- NA -NA - -?OAB.NA - -NA + -NAC.NA - -NA + -?OAD.- NA -NA + -NA
A. Option A
B. Option B
C. Option C
D. Option D
Answer: D
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When firms have obligations that do not meet the formal definition of a liability, U.S. GAAP require that firms
a. disclose information about such obligations in notes to the financial statements. b. highlight such arrangements in the Management Discussion and Analysis section. c. have the auditor address such matters in a separate paragraph in the independent auditor's report accompanying the financial statements. d. do not mention the obligation because they are not valid liabilities and to do otherwise would mislead the readers of the financial statements. e. none of the above.
B2B marketers prefer the straight rebuy outcome to any other because straight rebuys normally do not require any additional design modifications or contract negotiations.
Answer the following statement true (T) or false (F)
General Electric's board has only one inside director, John Flannery, GE's CEO, who also acts as chairman of the board. This is known as duality. Which of the following statements represents the best argument for this duality in GE?
A. Any CEO will suggest board appointees who are friendly toward him or her. B. The CEO possesses invaluable inside information that can help him or her chair the board effectively. C. A CEO is likely to be more responsible because he or she is setting his or her own performance targets. D. The CEO might be able to influence the board through setting the meeting agendas.
The phase of the product life cycle in which healthy profits usually begin to appear is the _____ stage.
A. growth B. decline C. introductory D. maturity E. commercialization