Answer the following statements true (T) or false (F)
Management intent is an accepted basis for recognition of future events.
ANSWER: F
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Which of the following is NOT one of the four distinctive characteristics of a mobile device?
A) It is tied to one user. B) It allows marketers to personalize messages. C) It is virtually always "on." D) It allows for immediate consumption as it is a distribution channel with a payment system. E) It is highly interactive given it allows for geotracking and picture and video taking.
In the books of a manufacturing company, the journal entry to record cost of goods manufactured would include a:
A) credit to work in process. B) credit to finished goods. C) debit to work in process. D) debit to cost of goods sold.
Rent-all Trucks & Trailers, Inc. (RT&T), and United Delivery Service enter into a contract for a lease of trucks. RT&T is a merchant who deals in goods of the kind leased. Under the UCC, an implied warranty of merchantability arises
A. automatically in lease contracts. B. only if the lessee asks for it. C. only if the lessor does not expressly disclaim it. D. only in conjunction with sales contracts, not lease contracts.
Sources of liquidity for banks include:
A. deposit inflows. B. money market borrowings. C. sale of marketable securities. D. repayments of loans disbursed. E. All of the options are correct.