Which of the following is NOT one of the main purposes of communication?
A. To inquire or to inform
B. To persuade
C. To demonstrate extensive vocabulary
D. To develop goodwill
C
The purposes of communication are to inquire, to inform, to persuade, and to develop
goodwill. The first step in planning any message is to determine the purpose of your
communication.
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Why is the LIFO cost flow assumption an acceptable valuation method for merchandise inventory when it rarely matches the physical movement of the product?
Sanchez and his department are most likely using which of the following sales methods?
A) unified selling B) value-added selling C) transactional selling D) traditional selling E) economy selling
Which balance sheet accounts are affected by investing activities?
A) current assets and current liabilities. B) long-term assets. C) long-term liabilities. D) stockholders' equity.
How does the adjusting entry to recognize the portion of the unearned revenue that a company earned during the accounting period affect the elements of the financial statements?
A. An increase in assets and a decrease in liabilities. B. A decrease in liabilities and an increase in equity. C. A decrease in assets and a decrease in liabilities. D. An increase in liabilities and a decrease in equity.