Which of the following pledges of support would not be recognized in the year the pledge was made?
A. An unconditional pledge restricted to a particular purpose.
B. A pledge with no restrictions, but conditional on receiving matching pledges.
C. An unconditional pledge restricted to a particular year in the future.
D. None of the above - all would be recognized.
Answer: B
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In exchange for a pledge to carry at least 40 different Procter & Gamble products, participating stores receive regular visits from P & G representatives who tidy and arrange display areas. This motivational program is referred to as:
A) "buy-in-bulk" store program. B) "high-frequency" store program. C) "mom-and-pop" store program. D) "shop operators" program. E) "golden store" program.
In a common-size financial statement, a designation of 25 percent could not be given to
a. total stockholders' equity. b. net revenues. c. net earnings. d. total current assets.
In the interest of having a drink with his groupmates, Chad suggests they have a meeting at a bar. The bar does not have any available seating, however, and is very loud. Group members complain about having to stand and their inability to hear, and the meeting is not very productive. What element has Chad likely failed to consider with regard to group meeting environment?
a. aesthetics b. convenience c. comfort d. time
A debit to Sales Returns and Allowances and a credit to Accounts Receivable:
A. Is recorded when a customer takes a discount. B. Reflects a decrease in amount due to a supplier. C. Recognizes that a customer returned merchandise and/or received an allowance. D. Reflects an increase in amount due from a customer. E. Records the cost side of a sales return.