Which of the following is reported as a separately stated item from a partnership?
A. Sales income.
B. Interest expense to buy business equipment.
C. Capital gain.
D. Depreciation expense.
Answer: C
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3M's Post-it Flag Highlighter and Pen marketing programs were designed for what primary objective?
A. specific promotions to be used for long-range strategies B. positioning the products relative to major competitors C. marketing 3M products to foreign markets D. the initial launch of two new 3M products E. segmenting the market into twelve specific target market segments
Which of the following situations results in deferred revenue?
A. Collected $100 from a customer who purchased goods a month ago. B. Received an order from a customer who will purchase and pay for goods in two weeks. C. Received $100 cash from a customer for an order of goods to be shipped next month. D. Sold goods for $100 today with payment due from the customer in 30 days.
Retailers can reduce the delivery gap by
A. setting service standards based on internal operations rather than customers' perceptions. B. providing standardized rather than personalized services for purchases involving high risk. C. providing employees the necessary skills and knowledge. D. setting service goals that are broad and intangible. E. dwelling primarily on the negative aspects of customer problems.
In January, Alex promised to pay Y-K Inc $5,000 if it would refrain from filing suit against him on a breach of contract action. Y-K agreed and accepted a $5,000 check from Alex. Which of the following statements is correct?
a. Y-K's promise to refrain from suing Alex was not supported by legal consideration. b. Y-K's promise to refrain from suing Alex was supported by legal consideration and is enforceable. c. This is an accord and satisfaction, and Y-K cannot sue. d. The courts would apply promissory estoppel in this situation.