Charlie is planning a distribution strategy for his business. He is considering using direct marketing, direct selling, and automatic vending, which are all examples of ____ retailing.
A. off-premise
B. portfolio
C. nonstore
D. off-price
E. direct
Answer: C
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End-of-period activities do not include
a. preparing a trial balance; b. journalizing transactions; c. preparing financial statements; d. determining net income; e. making closing entries
Bearer securities are transferred simply by delivery of the certificate
Indicate whether the statement is true or false
When a bond is bought at a discount price below its par value, the current yield will be higher than the coupon rate
Indicate whether this statement is true or false.
During 2018 and 2019, Danny pays property taxes of $3,500 each year on a piece of land. During 2018, the land is vacant and unproductive. In 2019, Danny uses the land as a parking lot and generates $16,000 in income. Which of the following is true regarding the property taxes?
A. Capitalize $3,500 each year. B. Capitalize $3,500 in 2018 and deduct $3,500 in 2019. C. Deduct $3,500 each year. D. Either B or C is acceptable.