The U.S. Constitution prohibits a state from entering into "any Treaty, Alliance or Confederation."

Indicate whether the statement is true or false


TRUE

Business

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Which of the following best describes a company's financing activities?

a. Financing activities focus on the sale of products and services. b. Financing activities include selling products. c. Financing activities enable a company to acquire assets needed to run a business. d. Financing activities are represented by the revenues and expenses on the income statement.

Business

Exhibit 22-5 Daniel Company, having a fiscal year ending on December 31, discovered the following errors in 2016: · A collection of $12,000 from a customer for rent related to January, 2017, was recorded as revenue in 2016. · Depreciation was understated by $600 in 2016. · The January 1, 2015, inventory was overstated by $10,000. · The January 1, 2016, inventory was understated by $6,000. ·

Insurance premiums of $2,000 that relate to 2017 were expensed in 2016 when paid. ? Assume no other errors have occurred and ignore income taxes. ? Refer to Exhibit 22-5. Total assets at December 31, 2016, were A) overstated by $1,400. B) overstated by $4,600. C) understated by $4,600. D) understated by $1,400.

Business

Which of the following marketing research firms does NOT offer customized services?

A) Synovate B) Westat C) Burke, Inc. D) Field Work Chicago, Inc. E) both B and D

Business

Informal contracts include all contracts other than formal contracts

Indicate whether the statement is true or false

Business