"Dex shuffling" refers to:
a. changing the publication dates on telephone directories to inflate revenue.
b. selling equipment at twice the marked price and offering huge discounts..
c. sales terms and arrangements made outside normal reporting channels.
d. improperly recognizing revenue and altering documents to hide the fraud.
a
FEEDBACK: a. Correct.
b. Incorrect.
c. Incorrect.
d. Incorrect.
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Grandmark Printing pays the current month's rent of $2,000 to the landlord of the building where its facilities are located. How does this transaction affect the accounting equation for Grandmark?
A. Assets would decrease $2,000 and liabilities would decrease $2,000. B. Assets would increase $2,000 and equity would increase $2,000. C. Assets would increase $2,000 and liabilities would increase $2,000. D. Assets would decrease $2,000 and equity would decrease $2,000. E. Liabilities would decrease $2,000 and equity would increase $2,000.
Pending litigation would generally be considered a(n)
a. nonmonetary liability. b. contingent liability. c. estimated liability. d. current liability.
You should ______________________ fractions appearing by themselves in ordinary text, especially if they are followed by of a or of an
a. boldface b. eliminate c. spell out and hyphenate d. provide decimal equivalents of
The internal processes at Southwest Airlines are highly efficient, giving it a competitive advantage over other airlines. Southwest has a very efficient maintenance process and also has a very simple process of booking passengers. Because of these efficiencies, the company is able to offer customers an appealing mileage-driven pricing structure while also increasing the airline's profit margin. In this scenario, Southwest's competitive advantage is based on ________.
A. value ratio B. price perception C. cost leadership D. quality E. service