If a firm produces more units than it sells, absorption costing, relative to variable costing, will result in
a. higher income and assets.
b. higher income but lower assets.
c. lower income but higher assets.
d. lower income and assets.
A
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Sheila Dunn is the author of a children's book. A retail bookstore chain has agreed to advertise Sheila's book aggressively with lots of countertop literature racks, posters, banners, and life-size images of the characters from her book. All of these are examples of:
A. point-of-purchase displays. B. shelf facing. C. retailer premiums. D. trade sales promotion. E. shelf positioning.
The statement of stockholders' equity ________.
A) reports the number of shares and any changes during the year in preferred, common, and treasury stock B) is required to be presented along with the statement of retained earnings C) is not required by IFRS D) does not show the changes to the Retained Earnings account because that information is provided in the statement of retained earnings
Divide the following number: 
A. 55 B. 45 R 8 C. 46 D. 38
App Developers, Inc (ADI), enters into a contract with Carmen, the chief executive officer of SalesCorp, to create an app for the firm. To fulfill the contract, ADI hires Max and ten other student interns. With respect to the contract, Max is
a. an intended beneficiary. b. an incidental beneficiary. c. a delegatee. d. an assignee.