In the second decade of the new millennium, the number of businesses in the United States soared to more than 28 million. This number is still growing annually at _____ percent.
a. 15
b. 2
c. 50
d. 6
ANSWER: a
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If not enough partnership cash or other assets are available to pay the withdrawing partner, a liability may be created for the amount owed the withdrawing partner
a. True b. False Indicate whether the statement is true or false
________ involves the use of a successful brand name for new or modified products in a new category
A) A line extension B) A product line C) A brand extension D) Co-branding E) Cannibalization
On December 31 . 2014, Artistown Company appropriately changed to the FIFO cost method from the weighted-average cost method for financial statement and income tax purposes. The change will result in a $700,000 increase in the beginning inventory at January 1 . 2014 . Assuming a 40 percent income tax rate and that no comparative financial statements for prior years are reported, the cumulative
effect of this accounting change reported for the year ended December 31 . 2014, is a. $700,000. b. $350,000. c. $420,000. d. $280,000.
Successful public relations practitioners have a bias toward disclosing information rather than withholding it
Indicate whether the statement is true or false