The contribution of equipment by a stockholder in exchange for common stock is an example of ________
A) investing activity
B) financing activity
C) operating activity
D) non-cash investing and financing activity
D
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Journal entries recorded at the end of each accounting period to prepare the revenue, expense, and dividends accounts for the upcoming period and to update the retained earnings account for the events of the period just finished are referred to as:
A. Closing entries. B. Updating entries. C. Adjusting entries. D. Final entries. E. Work sheet entries.
Which of the following is considered to be a more advanced form of information search wherein the person might phone friends or go online to secure information about a product or service?
A) heightened attention B) short-term memory processing C) subliminal processing of information D) long-term memory processing E) active information search
A list price is also referred to as a ________
A) captive price B) bundled price C) channel price D) suggested retail price E) basing-point price
The current ratio is sometimes called the bankers' ratio
Indicate whether the statement is true or false