A note discounted with recourse means that if the original customer fails to pay the bank the total amount due on the maturity date of the note, the company that transferred the note to the bank is liable for the full amount
a. True
b. False
Indicate whether the statement is true or false
True
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Shorter product life cycles are common in industries characterized by low level of competition
Indicate whether the statement is true or false
Under the alternative method for accounting for unearned revenue, which of the following pairs of journal entry formats is correct?
A.
| Initial Entry | Adjusting Entry |
| Cash | Unearned Consulting Revenue |
| Unearned Consulting Revenue | Consulting Revenue |
B.
| Initial Entry | Adjusting Entry |
| Cash | Consulting Revenue |
| Consulting Revenue | Unearned Revenue |
C.
| Initial Entry | Adjusting Entry |
| Cash | Consulting Revenue |
| Unearned Revenue | Unearned Revenue |
D.
| Initial Entry | Adjusting Entry |
| Consulting Revenue | Unearned Revenue |
| Cash | Consulting Revenue |
E.
| Initial Entry | Adjusting Entry |
| Cash | Unearned Revenue |
| Unearned Revenue | Cash |
When making decisions about how to conduct performance appraisals, Bjorn always thinks about how he can get the employee to work harder in the next year and how he can help the employee reach the employee’s goals for development. He also considers how both he and the employee can work together to best benefit the organization. It appears Bjorn is using the ______ ethical approach.
A. Golden Rule B. four-way test C. stakeholders’ approach D. code of ethics
The Dodd-Frank Act offers no whistleblower protection to employees who would seek to provide information to the SEC or Congress
Indicate whether the statement is true or false