Which of the following is not considered an intangible asset?
a. A leasehold
b. An oil well
c. A franchise
d. Goodwill
B
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How is the balance sheet linked to the other financial statements?
a. The amount of retained earnings reported on the balance sheet is equal to net income. b. Retained earnings is added to total assets and reported on the balance sheet. c. Net income increases retained earnings on the statement of retained earnings, which ultimately increases retained earnings on the balance sheet. d. There is no link between the balance sheet and other statements, as each contains different accounts and provides different information.
Which of the following accounts would most likely be reviewed by the auditor to gain reasonable assurance that additions to property, plant, and equipment are not understated or incorrectly classified?
A. Cash. B. Accounts payable. C. Depreciation expense. D. Repairs and maintenance expense.
External forces in the natural environment include
A. the trend toward healthier lifestyles, which can shift spending toward exercise equipment and health clubs and away from alcohol and snack foods. B. interest rates, exchange rates, the inflation rate, the unemployment rate, the rate of economic growth, trade deficits or surpluses, savings rates, and per-capita domestic product. C. slow growth in buyer demand. D. tax policy, fiscal policy, tariffs, the political climate, and the strength of institutions such as the federal banking system. E. air and/or water pollution, the depletion of irreplaceable natural resources, or inefficient energy/resource usage.
Discuss the differences of push and pull supply chain processes
What will be an ideal response?