Which of the following is an example of an accrual?

A) The purchase of office supplies.
B) Wages expense incurred but not yet paid.
C) Rent revenue collected in advance.
D) Payment of two years' insurance in advance.


B

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A) A joint venture B) Contract manufacturing C) Licensing D) Exporting E) A Global strategic alliance

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Oil refineries are an example of stationary sources of air pollution

Indicate whether the statement is true or false

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Which of the following methods improves the transition from one sentence to the next in a formal report??

A) ?Using tabulations and enumerations B) ?Using active voice C) ?Avoiding first-person pronouns D) ?Avoiding the use of tense consistently

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Which of the following is a true statement concerning a life estate?

a. A life estate is an ownership right for the life of the grantor. b. A life estate is an ownership right in property for the life of any individual designated by the grantor. c. A life estate requires special wording, prescribed by statute, to create it. d. None of these.

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