Managers need information to make good business decisions
Indicate whether the statement is true or false
True
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________ are the tangible resources that are used in a company's operations for more than one year and are not intended for resale
a. Fixed assets b. Long–term investments c. Current assets d. Short–term Investments
Department stores
A. usually emphasize specialty products. B. have declined since the 1970s because of competition from well-run limited-line stores and mass-merchandisers. C. are usually weak in customer service. D. are large stores that emphasize depth and distinctiveness rather than variety. E. All these answers are correct.
Life insurance should definitely provide funds to pay off all debts if the breadwinner dies
a. True b. False
A financial statement that reports a company's revenues and expenses and resulting net income or net loss for a specific period of time.
A. Balance sheet B. General journal C. General ledger D. Income statement E. None of the above