The management function most often confused with public relations is:
A. Advertising D. Marketing
B. Lobbying E. Development
C. Personnel
D
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According to the second Financial Accounting Concept, those characteristics of information that make it a desirable commodity can be viewed as a hierarchy of qualities, with understandability and usefulness for decision making of most importance
Indicate whether the statement is true or false
Revenue should be recognized when
A) cash is received B) the service is performed C) the customer places an order D) the customer charges an order
The following balance sheet information is provided for Santana Company for Year 2: Assets Cash$5,400 Accounts receivable 15,500 Inventory 18,000 Prepaid expenses 1,600 Plant and equipment, net of depreciation 20,200 Land 19,950 Total assets$80,650 Liabilities and Stockholders' Equity Accounts payable$4,500 Salaries payable 11,500 Bonds payable (Due in ten years) 19,000 Common stock, no par 30,000 Retained earnings 15,650 Total liabilities and stockholders' equity$80,650 What is the company's debt to equity ratio? (Round your answers to the nearest whole percent.)
A. 130% B. 77% C. 43% D. 42%
Where an agent has disclosed that she is an agent, but has not disclosed the identity of the principal, who can be held liable on an authorized contract entered into by the agent on the principal's behalf?
A) The agent only B) The principal only C) Both the principal and agent D) Neither the principal nor the agent E) Only the agent prior to disclosure of the principal's identity, and only the principal thereafter