If your company were to import and export textiles, the transactions would be recorded in the current account subcategory of:
A) services trade.
B) income trade.
C) goods trade.
D) current transfers.
Answer: C
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A consignor who has goods out on consignment with an agent should include the goods in ending inventory even though they are not in the possession of the consignor
Indicate whether the statement is true or false
Peter noticed that Jacob’s work has been slipping. Jacob has been coming to work late and turning in projects after deadlines. When asked, Jacob simply said that he was sorry for being late and would try to do better. After a week with no improvement, Peter called Jacob into his office and asked if Jacob was aware of the employee assistance program that is free for Jacob to use. Peter was providing _________ to Jacob.
A. coaching B. counseling C. conduct training D. discipline E. monitoring
When Minute Maid mailed out free samples of its new instant drink mix, it was trying to move prospective customers into the ____ stage of the product adoption process.
A. awareness B. interest C. evaluation D. trial E. adoption
Advantages of using QuickBooks Desktop versus QuickBooks Online include the following:
A. Ability for accountant to access client QuickBooks using a browser B. Additional features, functionality, and versions for specific industries C. Anytime, anywhere access through a browser D. None of the choices are correct