The Discount on Bonds Payable account is:
A. A contra liability.
B. A liability.
C. An expense.
D. A contra expense.
E. A contra equity.
Answer: A
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On a corporate balance sheet, earned capital is also known as
A) common stock. B) paid-in capital. C) retained earnings. D) contributed capital.
Which of the following statements is false?
a. All the above statements are false. b. The material inventory includes both direct and indirect materials. c. A manufacturing company has 3 types of inventory: Direct material, Indirect material and work in process. d. Service companies do not have a finished goods inventory.
In the context of market channels, the use of local distribution networks to reach target customers is identified in the ________ channel factor.
A. continuity B. control C. cost D. character E. coverage
Which of the following is a goal of an effective introduction to a presentation?
a. Provide relevant statistics. b. Use jargon and technical terms. c. Establish rapport. d. Cover three to five major points.