Courts never question the adequacy of consideration
Indicate whether the statement is true or false
F
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The two methods of accounting for uncollectible accounts receivable are ________.
A) the direct write-off method and the liability method B) the asset method and the sales method C) the allowance method and the liability method D) the allowance method and the direct write-off method
Which of the following are not an example of adjusting entries?
a. recognition of depreciation on equipment purchased during the year b. recording the expiration of a portion of the cost of prepaid insurance that was purchased during the previous year c. recognition of income tax expense on the net income before income taxes earned during the period d. recording of collections received from customers during the period e. all of the above
When setting optimal levels of product availability in practice, it is important to
A) obtain a reasonable estimate of the cost of stocking out. B) obtain a very precise estimate of the cost of stocking out. C) focus on the most responsive production method, even if it is not low cost. D) develop a preset target of product availability.
Suppliers can gain power from a number of sources in the buyer / supplier relationship. When a buyer has access to knowledge, information and skills desired by the supplier, this is called a(n) ________ source of power
A) expert B) reward C) referent D) coercive