Under the accrual method, the timing of revenue recognition is influenced by
a. where the purchaser gets funds to pay the seller.
b. whether the buyer pays with cash or a promise.
c. when the services or product are provided.
d. when the seller has received a form of payment in settlement of a purchaser's promise.
e. the nature of the services or product provided.
C
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The ethical decision-making framework includes all of the following steps except
A. brainstorm alternatives. B. promote the firm's corporate social responsibility efforts. C. choose a course of action. D. gather information and identify stakeholders. E. identify issues.
Firms do not compete only against global competitors, but against:
A) their suppliers. B) themselves. C) the customers of their competitors. D) their competitors' supply chains.
A suggestive use of ordinary words may be trademarked
a. True b. False Indicate whether the statement is true or false
Suppose a client observes the following two benchmark spreads for two bonds:
Bond issue U rated A: 150 basis points Bond issue V rated BBB: 135 basis points Your client is confused because he thought the lower-rated bond (bond V) should offer a higher benchmark spread than the higher-rated bond (bond U). Explain why the benchmark spread may be lower for bond U.