Cash is listed as the first current asset because it is the account:
A) with the most value.
B) that is most liquid.
C) that is most used.
D) that is first alphabetically.
B) that is most liquid.
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If bonds were initially issued at a premium, the carrying value of the bonds on the issuer's books will
a. decrease as the bonds approach their maturity date. b. increase as the bonds approach their maturity date. c. remain constant throughout the bonds' life. d. fluctuate throughout the bonds' life.
Which of the following is NOT true of the perpetual inventory method?
a. Purchases are recorded as debits to the inventory account. b. The entry to record a sale includes a debit to Cost of Goods Sold and a credit to Inventory. c. After a physical inventory count, Inventory is credited for any missing inventory. d. Purchase returns are recorded by debiting Accounts Payable and crediting Purchase Returns and Allowances.
Networking, as it applies to the field of selling, is a method of prospecting that:
A) utilizes the telephone and cold calling strategies B) remains popular only in the telecommunications field C) is seldom used today because of the rise of social media D) is considered unethical in most industries because of lawsuits E) relies on making contacts with people and profiting from the connections
For the franchisor, the capital required to expand a venture quickly is more than it would be without franchising.
Answer the following statement true (T) or false (F)