A(n) _____ is a combination of two firms that are in unrelated industries.
A. market extension merger
B. vertical merger
C. horizontal merger
D. conglomerate merger
Answer: D
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With generalization analysis, there are just two types of evidence: ________ and ________
A) variability; summary B) summary; sample size C) variability; sample size D) variability; error E) error; sample size
When placing a visual aid in a text, where should the visual be placed?
A) Before the text that describes the visual aid B) At the end of the document C) In the List of Illustrations D) After the text that describes the visual aid E) As close to the text that describes the visual aid as possible
An asset that cost $24,000 and has accumulated depreciation of $18,000 is sold for $5,200 . The entry to record the sale is:
a. Accumulated Depreciation— Asset 6,000 Asset 6,000 b. Cash 5,200 Accumulated Depreciation— Asset 18,000 Loss on Sale of Asset 800 Asset 24,000 c. Loss on Sale of Asset 18,800 Asset 18,800 d. Asset 18,000 Accumulated Depreciation— Asset 18,000
Under which of the following circumstances is the installment sales method appropriate for the recognition of revenue in the income statement?
a. For any sales where collection is spread over a reasonable long period of time. b. In any situation where management wishes to delay the recognition of revenue in order to smooth its income. c. For sales where collection is spread over a reasonable long period of time and significant doubt exists about the ultimate collection of the receivables. d. For sales where collection is spread over a reasonable long period of time and no significant doubt exists concerning ultimate collection of the receivables.