Providing information to internal users for decision making is the purpose of which of the following?
A. Vendors list
B. Management reports
C. Tax forms
D. Financial statements
Answer: B
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Where would the reader of a proposal find complete details of the proposal?
A) Introduction B) Body C) Executive summary D) Synopsis E) Close
Avery and Bert are partners who share profits in a ratio of 2:1 and have capital balances of $75,000 and $150,000, respectively. The partners agree to admit Carmen to the partnership. Carmen invests $75,000 for a 35 percent interest in the partnership. The new total capital balance after admitting Carmen is $300,000. The entry to record the admission of Carmen to the partnership is:
A) Cash 75,000 Carmen, Capital 75,000 B) Cash 105,000 Carmen, Capital 105,000 C) Cash 75,000 Avery, Capital 20,000Bert, Capital 10,000Carmen, Capital 105,000 D) Cash 105,000 Carmen, Capital 75,000Avery, Capital 20,000Bert, Capital 10,000
Which of the following transactions would be shown in the non-cash investing and financing activities section of the statement of cash flows?
A) sold equipment with book value of $15,000 in exchange for $15,000 cash B) retired company bonds before the maturity date by paying a negotiated amount C) issued 50,000 shares of stock at $2 per share D) purchased land by signing a 10-year note for $500,000
Comfy’s Bed Company advertises a special sale on mattresses on its website. The mattresses are normally sold for $1,000, but are advertised on the website for $499. The sale price does not, however, include shipping costs. Comfy’s charges $250 for shipping any mattress. To avoid any claims of deceptive advertising, Comfy’s should
a. ?clearly and conspicuously disclose the shipping cost in its ads. b. ?not reveal the shipping cost. c. ?include the shipping cost on the last page of Mello's Web site. d. ?display the shipping cost in small print on Mello's Web page.