Comprehensive income is
a. considered an appropriation of retained earnings when reported in the stockholders' equity section of the balance sheet.
b. the result of all events and transactions that affect income during the accounting period that are reported on the income statement.
c. reporting all items that are not under management's control on the statement of retained earnings.
d. an all-inclusive approach to income that includes transactions that affect stockholders' equity with the exception of those transactions that affect owners.
d
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The term "chronological order" is best associated with:
a. a journal. b. a trial balance. c. credit entries. d. capital stock.
Which of the following trends in sales has led to an increase in both the education and skills a salesperson needs?
A) an increase in commission per sale B) an increase in the time spent on personal relationships C) an increase in web-based selling channels D) a shift from in-person to telephone sales E) a shift from "selling" to "consulting"
Cost of goods purchased is calculated as:
a. Cost of goods sold ? Beginning inventory + Ending inventory. b. Cost of goods purchased + Beginning inventory ? Ending inventory. c. Cost of goods purchased + Beginning accounts payable ? Ending accounts payable. d. Cost of goods sold ? Beginning accounts payable + Ending accounts payable.
The universal functions of marketing
A. are performed by the same parties in all economies. B. must be performed in all macro-marketing systems. C. are needed to help foster various separations and discrepancies. D. are performed the same way in all economies.