When a cookie is created during a website visit, it is stored:
A) on the website computer.
B) on the hard drive of the visitor's computer.
C) on the ISP's computer.
D) in a web directory.
E) in the cloud.
B
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If the balance of prepaid insurance was the same on January 1, 2016, and December 31, 2016, then the insurance expense would ____________________ the cash payments made for insurance during the year
Fill in the blank(s) with correct word
FASB has set forth all of the following conditions for recognizing transfers of receivables as sales only if the following conditions of surrendering control of the receivables are met except:
a. The assets transferred have been isolated from the selling firm. b. The buying firm obtains the right to pledge or exchange the transferred assets, and no condition both constrains the transferee from taking advantage of its right and provides more than a trivial benefit to the transferor. c. The selling firm does not maintain effective control over the assets transferred through (a) an agreement that both entitles and obligates it to repurchase the assets or (b) the ability to unilaterally cause the transferee to return specific assets. d. A creditor of the selling firm can access the receivables in the event of the seller's bankruptcy.
The order fulfillment process may be outsourced to a third party so that the outsourcing company can ______.
A. focus on its core business B. pass the increase in prices to end consumers C. circumvent government regulation D. achieve ISO certification
Accounts Receivable Turnover measures
A) how frequently during the year the accounts receivable are converted to cash B) the number of days outstanding C) the fair market value of accounts receivable D) the efficiency of the accounts payable function