The amortization of a premium on bonds payable decreases bond interest expense

a. True
b. False

Indicate whether the statement is true or false


True

Business

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The right to withhold delivery is available to the seller if the buyer or lessee wrongfully rejects or revokes acceptance of the goods

Indicate whether the statement is true or false

Business

Which of the following states that the business should use the same accounting methods from period to period?

A) materiality concept B) consistency principle C) conservatism D) disclosure principle

Business

All of the following are examples of the reliable and timely information required for successful global sourcing except _____

a. a listing of existing contracts and suppliers b. reports on supplier capabilities and performance c. worldwide volumes by purchase type and location d. information about potential new suppliers e. truck traffic patterns around the supplier's facility

Business

Which of these is correct about a low involvement purchase?

A. The decision isn't risky B. The buyer goes through all the stages of the buyer behavior process C. It is seldom purchase D. The purchase is expensive

Business