Nonmonetary assets include assets that are ____________________, such as inventories, and assets that are ____________________ such as brand names
Fill in the blank(s) with correct word
tangible, intangible
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Leah Co reported $7,000 of net income for 2016. The following errors were then discovered: · Ending 2015 accrued expense was understated by $800. · Ending 2016 unearned revenue was overstated by $75. · Ending 2015 unearned revenue was overstated by $380. Ignoring income taxes, what is the correct amount of 2016 net income?
A) $6,505 B) $5,895 C) $7,495 D) $6,655
The goal of the ______ is to provide enough payout each year to meet the needs of current programs while allowing the value of the endowment principal to grow.
A. cash budget B. capital budget C. spending limit D. operating budget
In the Chapter 8 opening scenario on political polling, the big lesson is that ________
A) figures tell the truth but can be manipulated B) just because it's "research" doesn't mean it necessarily should be believed C) more land lines have boosted pollsters' success D) people do not vote the same way they answer polls
Applied research:
a. is primarily conducted to broaden knowledge base. b. is primarily aimed at developing new or improved products. c. is also known as pure research. d. primarily involves compiling and analyzing sales strategies of competitors.