Which one of the following subsequent events will least likely result in an adjustment to the financial statements?
a. Material change in the amount of settlement of a lawsuit which had been estimated at year end.
b. Bankruptcy of a customer who owes your client a material amount on open account at year end for which there is an inadequate allowance estimate.
c. Sale of a large block of inventory at a price materially below carrying value.
d. Signing of a letter-of-intent by the client to acquire 55% of another entity for stock.
d
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Anna is a millionaire but she is constantly stressed and unhappy despite her wealth, Anna is experiencing ________
A) burnout B) class warfare C) affluenza D) cosmopolitanism
Richard purchased a coffee maker from Amazon. As he was completing his purchase, the site suggested some brands of coffee for him to purchase. This is an example of
A. mobile marketing. B. standardization. C. information overload. D. sales promotion. E. personalization.
Ragged Edge Arts has estimated its desired profits at $150,000, total selling and administrative costs of $50,000, and total costs at $2,000,000 . What is the markup percentage?
a. 20% b. 5% c. 15% d. 10%
A principal cannot have liability for the intentional torts of an agent that are used to promote the
principal's business. Indicate whether the statement is true or false