Did the company purchase any intangible assets during the year?
a. Income statement
b. Balance sheet
c. Statement of cash flows
d. Statement of retained earnings
b, c
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Sales of $350,000 and net sales of $323,000 could reflect sales discounts of $27,000.
Answer the following statement true (T) or false (F)
Identify a true statement about the different approaches identified by Dutch researcher, Fons Trompenaars to describe the ways in which people deal with the concept of time.
A. People in the United States adjust their approach because of factors that are beyond their control. B. People in Mexico often build slack into their schedules to allow for interruptions. C. People in Mexico give utmost importance to the particular path or sequence used to reach an end. D. People in the United States operate under more of a synchronous-time orientation.
A principal may be held liable for the torts of an independent contractor:
A) whenever the contractor is performing work or rendering services for the principal. B) if the principal fails to supervise the contractor. C) if the contractor negligently performs an inherently dangerous activity. D) All of these.
Which of the following is the largest borrower in the money markets?
A) Commercial banks B) Large corporations C) The U.S. Treasury D) U.S. firms engaged in foreign trade