Identify a true statement about foreign licensing.
A. It is the costliest form of direct investment.
B. It is one of the means to seek foreign suppliers.
C. It is especially common in the food and beverage industry.
D. It is the most basic level of international market development.
Answer: C
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Dynamic Software, Inc. invests excess cash of $100,000 in corporate bonds on March 30, 2019. The bonds mature 20 years from the date of purchase. Dynamic plans to hold the bonds until maturity and has the ability to do so. How does the March 30, 2019 transaction affect the accounting equation?
A) liabilities will increase B) equity will decrease C) long-term assets will decrease D) total assets will remain unchanged
Which of the following is not true regarding the revenue-expense approach to defining accounting elements?
a. The revenue-expense approach defines assets and liabilities as a by-product of revenues and expenses. b. Under the revenue-expense approach, the balance sheet is burdened with by-products of income measurement rules. c. Deferred charges and deferred credits are ambiguous debits and credits that appear on the balance sheet under the revenue-expense approach. d. There are very few examples of the use of the revenue-expense approach in recent accounting standards.
Activities of government, business, and independent organizations that are designed to protect individuals from practices that infringe on their rights as consumers comprise social responsibility
Indicate whether the statement is true or false
Description buying by a retailer is most appropriate for _____
a. jewelry b. art c. antiques d. branded goods