Qualifying questions should not serve as opening questions
Indicate whether the statement is true or false
FALSE
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Which of the following is an advantage of adding new channels in a multichannel distribution system?
A) limiting market complexity B) reducing control over the system C) expanding sales and market coverage D) decreasing marketing needs and costs E) minimizing mass customization of products
Which of the following statements best describes the balance in a revenue account at the beginning of an accounting period?
A. Higher than the previous period's beginning balance B. Equal to the amount of retained earnings for the previous period C. Zero D. Last period's ending balance
The statement on the toothpaste box that brushing twice a day with this paste will remove 90 percent of all tartar from the user's teeth is an example of a(n):
A. implied warranty B. functional label C. UPC disclaimer D. express warranty E. universal warranty
James is in the business of debt collection. He purchased a $20,000 account receivable from Green Corporation for $15,000. During the year, he collected $17,000 in final settlement of the account. James can take a $2,000 bad debt deduction in the current year.
Answer the following statement true (T) or false (F)