Failure to record amounts earned for services provided to customers but not yet paid results in which of the following
a. Net income being overstated
b. No effect on total assets
c. Stockholders' equity being overstated
d. Total assets being understated
d
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Which of the following is true about the nature of licensing?
A. The person who owns the intellectual property is known as the licensee. B. A customer who has bought a patented product cannot freely resell it without fear of violating the original patent. C. As a general rule, persons who buy from patent holders or their licensees are restricted by the original licensing contract. D. Sometimes the licensee is permitted to sublicense all or part of its rights in the technology to a sublicensee.
Which of the following sections of the statement of cash flows includes activities that increase and decrease long-term liabilities and stockholders' equity?
A) the financing activities section B) the operating activities section C) the investing activities section D) change in cash section
An example of how companies can revamp their value chain to reduce costs is to
A. have suppliers locate their plants close to companies' own facilities. B. continue to utilize traditional methods of distribution and sales. C. increase extra services to increase staffing requirements. D. not make any changes in product manufacturing but change end distribution methods. E. facilitate the learning curve by providing superior training to new employees.
The 80/20 rule is more likely to apply to a firm that uses intensive distribution than a firm that uses selective distribution.
Answer the following statement true (T) or false (F)