Which of the following is a permanent account?
a. Dividends
b. Advertising expense
c. Building
d. Selling expense
e. Insurance expense
C
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When consumers react more favorably to a brand than to a generic or unbranded version of the same product, the brand is said to have positive brand equity
Indicate whether the statement is true or false
Sanders Co. has total assets of $385 million. Its total liabilities are $100.1 million and its equity is $284.9 million. Calculate its debt ratio.
A. 26%. B. 35%. C. 38%. D. 28%. E. 58%.
According to AICPA Health Care Guide, which of the following should not be included in the determination of a performance indicator for a health care organization?
A. Receipt of temporarily or permanently restricted contributions. B. Transfers among affiliated organizations. C. Transactions with the owners, other than in exchange for services. D. All of the above should be excluded.
Recently the Canadian dollar realized an unexpected appreciation in value
Which of the following actions being considered by Tall Timber Exports, a Canadian logging firm specializing in exporting raw forest products, would be considered a highly unlikely response to the appreciation of the Canadian dollar? A) Tall Timber Exports might lower export prices in an effort to maintain market share. B) Tall Timber Exports might raise export prices only slightly in an effort to increase market share. C) Tall Timber Exports might leave export prices as they are and wait to determine what actions to take if any in the future. D) all of the above