Which of the following observations is true?
a. Costs such as materials handling, production scheduling, and inspection are common to service businesses and manufacturers.
b. Service businesses record cost of goods sold.
c. Selling and administrative expenses for manufacturers are different from those incurred by merchandisers and service businesses.
d. Service businesses have no inventories.
d
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Cash flows from operating activities are primarily related to the revenues and expenses reported on the income statement
Indicate whether the statement is true or false
Rapidly retiring baby boomers make up only a quarter of the U.S. population, but account for 50 percent of all domestic consumer spending.
Answer the following statement true (T) or false (F)
The Uniform Trade Secrets Act is a federal law
a. True b. False Indicate whether the statement is true or false
Girard accepts a job with Deep Vault Bank in reliance on assurances that Deep Vault will not soon be sold. In fact, negotiations to sell the bank are under way at the time that Girard is hired. Girard is most likely a victim of
A. fraud. B. mistake. C. nothing. D. puffery.