Each accounting period, Harris Company Department Store charges a bookkeeping account for its estimated shoplifting losses. The method that Harris Company Department Store uses to fund its retained shoplifting losses is a(n)
A) private insurance policy.
B) captive insurer.
C) credit line.
D) unfunded reserve.
Answer: D
You might also like to view...
Briefly describe what is the Internet and the cloud?
What will be an ideal response?
Which of the following is NOT true about the media's use of experts?
A) Experts help to tell a story. B) The reliance on experts can lead to media exposure for a firm. C) Media exposure furthers the credibility of an expert. D) Experts comment on significant concerns for a medium's audience. E) Companies seek experts who can become paid advertising spokespersons.
Donner Company is selling a piece of land adjacent to their business. An appraisal reported the market value of the land to be $120,000. The Focus Company initially offered to buy the land for $107,000. The companies settled on a purchase price of $115,000. On the same day, another piece of land on the same block sold for $122,000. Under the cost concept, what is the amount that will be used to
record this transaction in the accounting records? A) $107,000 B) $115,000 C) $120,000 D) $122,000
What is the viewing of the physical world with computer-generated layers of information added to it?
A. Augmented reality B. Haptic interface C. Virtual reality D. Google Glass