When a firm sells a trading security, it recognizes
a. the average of the selling price and the book value as a gain or loss in measuring net income.
b. the difference between the selling price and the book value as a gain or loss in measuring net income.
c. amortizes any difference between the acquisition cost and maturity value as interest revenue over the life of the debt.
d. the difference between the selling price and the acquisition cost of the security as a realized gain or loss on the income statement.
B
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Kristy's Decorations Inc is a firm that manufactures and sells Halloween decorations in Oakland. The firm starts heavily advertising its products during September and October, and sets up temporary shops in various neighborhoods during this period
After Halloween is over, the firm does not direct any messages to its target customers till the next year. In this example, Kristy's Decorations Inc uses which of the following marketing communications strategies? A) a distributed frequency strategy B) a gross frequency strategy C) an umbrella strategy D) a concentrated frequency strategy E) a heavy-up message strategy
Which of the following is not part of the purchasing process?
a. purchases journal; b. purchase order; c. receiving report; d. purchase requisition; e. purchase invoice
How are OLTP and OLAP different? Give examples of their use
Noncash investing and financing activities may be disclosed in:
A. The financing activities section of the statement of cash flows. B. The investing activities section of the statement of cash flows. C. A note in the financial statements or a schedule attached to the statement of cash flows. D. The reconciliation of cash balance section. E. The operating activities section of the statement of cash flows.