Which of the following is the largest advertising medium in terms of advertising revenues?
A. radio
B. magazines
C. television
D. Internet
E. newspapers
Answer: C
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If the lessee and the lessor use different interest rates to account for a capital lease, then
a. the lease will never be accounted for as a capital lease by the lessee. b. total expenses (or revenues) will be equal for both lessee and lessor. c. total expenses (or revenues) will be different for the lessee and the lessor. d. GAAP has been violated since the lessor and the lessee are not allowed to use different interest rates in accounting for capital leases.
Global companies have five strategies for matching products and their promotion efforts to global markets. Designing a product to serve the unmet needs of a foreign nation is which type of global marketing product and promotion strategy?
A. product adaptation B. product invention C. product integration D. product customization E. product extension
A check drawn by a company for $270 in payment of a liability was recorded in the journal as $720. This item would be included on the bank reconciliation as a(n)
A) addition to the balance per the company's records B) addition to the balance per the bank statement C) deduction from the balance per the bank statement D) deduction from the balance per the company's records
A company paid $150,000, plus a 7% commission and $5,000 in closing costs for a property. The property included land appraised at $87,500, land improvements appraised at $35,000, and a building appraised at $52,500. What should be the allocation of this property's costs in the company's accounting records?
A. Land $82,750; Land Improvements, $33,100; Building, $49,650. B. Land $75,000; Land Improvements, $30,800; Building, $46,200. C. Land $80,250; Land Improvements, $32,100; Building, $48,150. D. Land $75,000; Land Improvements, $30,000; Building, $45,000. E. Land $77,500; Land Improvements; $31,000; Building; $46,500.