Which of the following is true regarding a firm that has been declared bankrupt?
A) creditors take the firm's assets
B) the bankrupt person's credit rating is impaired
C) the owners may be held criminally liable if fraud was intended
D) all of the above
D
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When a merchandising company uses the periodic inventory method, the work sheet shows which of the following?
a. the ending Cost of Goods Sold balance in the Income Statement Debit column; b. the ending Merchandise Inventory balance in the Income Statement Debit column; c. the ending Income Summary balance in the Income Statement Debit column; d. the ending Purchases balance in the Income Statement Debit column; e. the ending Unearned Revenue balance in the Income Statement Debit column.
Which of the following is NOT true of search qualities?
A) They may include style, price, or color. B) They can be built into a service for customers to notice. C) Intangible services are more likely to have them than are tangible goods. D) They can be examined prior to purchase. E) They may include smell and texture.
Joint costs are allocated to which of the following products? By-products Scrap
a. yes yes b. yes no c. no no d. no yes
An email message being incorrectly classified as spam and blocked is referred to as?
a. Negative positive blocking b. False positive blocking c. False negative blocking d. Negative negative blocking