In the sale of a business, all the following elements are necessary to create an enforceable noncompete clause, except:
A)not unduly burdensome on buyer
B)reasonable time limitation
C)estimated value of the seller's business
D)geographic restriction not overly broad
C
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It is notnecessary for a company to use the same depreciation method for financial statements and for determiningincome taxes
a. True b. False Indicate whether the statement is true or false
When inventory is sold by a wholesaler or retailer, it is recorded in a different account on the income statement than a manufacturer would use
a. True b. False Indicate whether the statement is true or false
Which of the following is not an issue related to the valuation of accounts receivable?
A. Proper cutoff. B. The credit granting function. C. A proper allowance for doubtful accounts. D. The net realizable value of accounts receivable.
Which of the following is true of focus groups?
A) They are typically conducted in mall settings. B) They are a type of descriptive research. C) They are a type of one-on-one interview. D) They are used to gather exploratory data. E) They do not use a discussion leader.