Which of the following is a temporary account?
a. Advertising expense
b. Land
c. Building
d. Accounts payable
e. Bonds payable
A
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The ______ environment consists of a series of influences that originate outside the organization and that the organization cannot control.
A. mission B. vision C. internal D. external
Under U.S. GAAP, the cost of a product warranty should be included as an expense in the
a. period the cash is collected for a product sold on account. b. future period when the cost of repairing the product is paid. c. period of the sale of the product. d. future period when the product is repaired or replaced. e. past period when the product is under development.
Your firm has expertise with a special type of hand-finished furniture. The learning curve is known to be 82%. If the first piece of furniture took 6 hours, how long will it take to make the second? How long will it take to make the fourth?
What will be an ideal response?
What does the Superfund Recycling Equity Act do?
a. It exempts recyclers from liability in private-party actions under CERCLA. b. It exempts recyclers from suits brought by the state or federal government. c. It provides a 10% federal rebate for recycling expenses incurred by corporations engaged in recycling activities. d. It provides a 5% federal rebate for recycling expenses incurred by corporations engaged in recycling activities.