Which of the following is an example of a source of primary data?
A) newspapers
B) surveys
C) government publications
D) magazines
E) blogs
Answer: B
Explanation: B) Surveys are an example of a source of primary data. The other sources are sources of secondary data.
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As a firm progresses through the growth life-cycle stage, what type of flexible account will it be more likely to use to balance the balance sheet?
a. issued debt. b. paying down of debt. c. dividends d. stock buy-backs.
A trial balance is useful because it indicates that
a. owners' equity is correct. b. net income is correct. c. all entries were made correctly. d. total debits equal total credits.
Slotting fees can lead to under-the-table payments to individuals
Indicate whether the statement is true or false
In accordance with the FASB Codification, which of the following would not be classified as a support expense by the not-for-profit organization Save Our Lakes?
A. The cost of a mailing to past contributors requesting donations for lakeshore cleanup. B. The cost to have an attorney review the organization's by-laws. C. The cost of the annual lakeshore cleanup activities. D. The cost of printing and distributing the annual report.