When making a general journal entry, there can only be one debit and one credit
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following statements is true about a direct channel?
A) A company may have independent parties participate in a direct channel. B) The channel members have direct contact with the end customers. C) Usually, direct channels can reach more customers than indirect channels. D) Microsoft selling its products through Best Buy is an example of a direct channel.
Which of the following statements does NOT apply to the North American Industry Classification System (NAICS)?
A) NAICS is a numerical coding of industries developed by NAFTA countries. B) NAICS can be used by firms to assess potential markets. C) NAICS replaced the Standard Industrial Classification (SIC) system. D) NAICS can be used to find new customers. E) NAICS is a consumer buying directory for North America.
An impairment loss on a brand name arises when
a. the book value of the brand name exceeds the undiscounted cash flows. b. the book value of the brand name exceeds the market value. c. the market value of the brand name exceeds the undiscounted cash flows. d. the book value of the brand name exceeds the discounted cash flows. e. the book value of the brand name exceeds the liquidation value.
Patterson Co. is considering a project that has the following cash flow and cost of capital (r) data. What is the project's NPV? Note that a project's expected NPV can be negative, in which case it will be rejected. r:10.00% Year0 1 2 3 Cash flows?$950 $500 $400 $300
A. $54.62 B. $57.49 C. $60.52 D. $63.54 E. $66.72