Which of the following is a claims exchange transaction?
A. Invested cash in an interest earning account.
B. Issued common stock.
C. Recognized revenue earned on a contract where the cash had been collected at an earlier date.
D. Purchased machine for cash.
Answer: C
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The disadvantages of comparative scaling includes all of the following except ________
A) the resulting data are generally assumed to be interval or ratio scaled B) the inability to generalize beyond the stimulus objects scaled C) the ordinal nature of the data D) None of the above are disadvantages.
Indicate whether each of the following statements is true or false.Information prepared using allocated costs often is used in evaluating the performance of managers. Information prepared using allocated costs should not be used in budgeting and resource allocation decisions within a company. A cost that is indirect with respect to one cost object may be direct with respect to other cost objects. Fixed costs generally are direct costs, and variable costs generally are indirect. An allocation base causes a cost to be incurred.
What will be an ideal response?
Money market mutual funds are best described as institutions that
A) invest only in MMDAs. B) pool resources of many investors to purchase liquid and high-yielding securities. C) issued by the Treasury, commercial banks, and other corporations. D) combine short-term securities with long-term securities. E) are established by banks and other financial institutions to help depositors manage their liquid assets.
Trade sales promotions are popular among manufacturers because they can do all of the following at trade shows EXCEPT:
A. introduce new products B. create long-term relationships between manufacturers and customers C. enhance the corporate image D. test the market response to new products E. gather competitive information