One measure of interperiod equity is whether net revenues are exceeding a government's total expenses.
Answer the following statement true (T) or false (F)
True
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Caterpillar markets are the most reliable farm equipment in the industry. This is an example of a:
A) differentiation strategy. B) market penetration strategy. C) market development strategy. D) cost-based strategy.
"Underachievers" in the category management matrix are cash cows
Indicate whether the statement is true or false
All of the following statements relating to accounting for international operations are true except:
A. The balance in the Foreign Exchange Gain (or Loss) account is reported on the income statement. B. Gains and losses from foreign exchange transactions are accumulated in the Foreign Exchange Gain (or Loss) account. C. Foreign exchange gains or losses can occur when accounting for international sales transactions. D. Foreign exchange gains or losses can occur when accounting for international purchases transactions. E. Gains and losses from foreign exchange transactions are accumulated in the Fair Value Adjustment Account and are reported on the balance sheet.
Great State Bank loans money to Seth, securing the loan with property owned by Seth. Great State Bank is advised by its attorney to file a financing statement. Great State Bank doesn't understand why it should spend the extra money for this filing, since Seth has told them that he has no other creditors. Why should Great State Bank file a financing statement?
a. There are criminal penalties for failing to file. b. The financing statement allows Great State Bank to repossess the collateral on default without a court order. c. The financing statement will protect Great State's priority rights with other creditors by giving notice to other creditors that it claims a security interest in the collateral. d. Filing the financing statement is necessary to complete the attachment requirement in order to create a security interest.