Under Article IX, filing for fixtures is:
A) Generally local
B) With the secretary of state.
C) Central.
D) None of the above
A
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The best definition of assets is the
A) cash owned by the company. B) resources belonging to a company having future benefit to the company. C) collection of resources belonging to the company and the claims on these resources. D) owner's investment in the business.
Which of the following transactions results in the recognition of an expense?
A) Expiration of the usefulness of equipment during the accounting period. B) Payment on an account payable. C) Declaration and payment of dividends. D) Payment on the principal portion of a loan.
Which of the following aggregate planning options attempts to manipulate product or service demand?
A) inventories B) part-time workers C) subcontracting D) overtime/idle time E) price cuts
Production, not marketing, should determine what products are to be made.
Answer the following statement true (T) or false (F)