Unearned rent would normally appear on the balance sheet as a
a. plant asset.
b. current liability.
c. long-term liability.
d. current asset.
B
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If collection of accounts receivable is assured, then accounts receivable are considered to be cash equivalents
a. True b. False Indicate whether the statement is true or false
The preference to dividends that preferred shareholders have is
A) the right to receive the appropriate dividend before common shareholders are paid any dividends when dividends are declared. B) the right to accumulate dividends that have not been declared. C) the right to share dividends equally with common shareholders when dividends are declared. D) the right to be paid a minimum dividend each year.
Which of the following is an appraisal cost?
A. Customer service costs B. Depreciation of testing equipment C. Costs to repair defective units D. Engineering and design costs
A sales promotion trap can result when several competitors use promotions extensively.
Answer the following statement true (T) or false (F)