Which of the following strategies is used to deal with uncertainty related to a specific event?
a. Statistical analysis
b. Cost restructuring
c. Hedging
d. Insurance
D
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Farnon Company has not declared or paid dividends on its cumulative preferred stock in the last three years. These dividends should be reported
a. as a current liability. b. as a reduction in stockholders' equity. c. in a note to the financial statements. d. as a noncurrent liability.
Prepare journal entries to record the following merchandising transactions of Margin Company, which applies the perpetual inventory system and the gross method of recording invoices. Margin Company offers all of its credit customers credit terms of 2/10, n/30. May 1Purchased merchandise from Craft Company for $7,800 under credit terms of 1/10, n/30, FOB shipping point, invoice dated May 1.May 2 Purchased merchandise from Bow Company for $10,600 under credit terms 2/05, n/20, FOB destination.May 4 Paid $300 cash for the freight charges on the May 1 purchase of merchandise.May 5 Granted an $800 allowance from Craft Company for the return of part of the merchandise purchased on May 1.May 6 Paid Bow Company the balance due within the discount period.May 11 Paid Craft Company the balance
due within the discount period. What will be an ideal response?
Pirating a brand name involves
A. the name being used by a competitor in advertisements. B. the name being registered in a foreign market by someone who hopes to profit by selling it back to the originating firm. C. reselling the name by hackers to unsuspecting local business people. D. a firm's brand name being registered by another firm, which is employing it for its own product's name.
The Truth-in-Lending Act applies to private individuals who loan money
a. True b. False Indicate whether the statement is true or false