A contingent liability is recognized when the amount can be reasonably estimated and the likelihood of loss is probable
Indicate whether the statement is true or false
T
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In advertising, ________ is a legal tactic, while ________ is not legal
A) puffery; an exaggerated claim B) an exaggerated claim; puffery C) bait-and-switch; puffery D) an exaggerated claim; bait-and-switch E) corporate social responsibility; social marketing
A downside to ________ is that if used too frequently, consumers become conditioned to purchase the product only at the lower promotional price
A) promotional products B) a merchandising allowance C) contests D) premiums E) price-based consumer sales promotion
Use the following information in the adjusted trial balance for Stockton Company to answer the following questions. Stockton Company Adjusted Trial Balance For the Year ended December 31, 2010 Cash $ 6,030 Accounts Receivable 2,100 Prepaid Expenses 700 Equipment 13,700 Accumulated Depreciation $ 1,100 Accounts Payable 1,900 Notes Payable 4,200 Bob Steely, Capital 12,940 Bob Steely, Withdrawals
790 Fees Earned 8,750 Wages Expense 2,500 Rent Expense 1,960 Utilities Expense 775 Depreciation Expense 250 Miscellaneous Expense 85 Totals $28,890 $28,890 Determine the net income (loss) for the period. A) Net Income $2,390 B) Net Loss $790 C) Net Loss $5,570 D) Net Income $3,180
Some governments of developing economies are using big data to support its economic growth. ___________ provides online access to its census, expenditure data, and other data.
Fill in the blank(s) with the appropriate word(s).