A contingency was evaluated at year-end and considered to have a reasonable possibility of becoming an actual liability
If this was not reported on the balance sheet or in the notes to the financial statements, it could be considered a violation of generally accepted accounting principles.
Indicate whether the statement is true or false
TRUE
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Advertising expense would be an administrative expense
Indicate whether the statement is true or false
Compared to adapted global marketing, standardized global marketing ________
A) adjusts promotional efforts to address cultural differences in target markets B) results in additional marketing and manufacturing costs C) relies on social media to develop customer relationships D) usually results in diluted brand power over time E) uses the same marketing mix worldwide
Extraordinary repairs are recorded with a debit to Accumulated Depreciation
Indicate whether the statement is true or false
Which of the following is NOT a situation in which you would use the direct organizational plan??
A) ?You're writing to people who prefer the direct approach and may not read your entire message. B) ?You're writing to someone who resists your message but is likely to read your entire message. C) ?The idea does not require strong persuasion. D) ?The idea is long or complex.