Concerning accounting for warranties, which of the following statements is true?
A) Federal income tax regulations require companies to accrue warranty expense in the year of the sale.
B) The modified cash basis method is required for tax reporting.
C) The modified cash basis method uses a percentage of completion approach to warranty revenue recognition.
D) The modified cash basis recognizes warranty expense when cash is received on the sale.
B
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To be successful, leaders need to design control systems that ______.
a. include both rewards and punishments b. are not too rigid, excessive, or intrusive c. that are aligned with the firm’s mission and the leader’s vision and strategic goals d. are low in cost to implement so that an organization can maintain its competitive advantage.
Organizational culture is primarily learned through _____________________.
A. observing people and events in the organization B. reading the company’s website C. doing research in business journals D. submitting questionnaires E. none of the above
According to research, when a woman leader encounters gender-leader stereotypes, her likely response ______.
A. is to ignore it if it is an isolated gender stereotype threat. B. is to push back more strongly if the threats are combined. C. is to seek support from a more powerful leader in the organization. D. is to display a vulnerable response if the threats are combined.
Visa and MasterCard have recently been accused of violating antitrust laws by placing restrictions on the prices these independent ATM operators can charge customers using other networks such as STAR or TransFund. Legislation that prohibits price-fixing is an example of ________ forces that affect the marketing environment.
A. technological B. ecological C. economic D. regulatory E. social