Current liabilities include accounts receivable, unearned revenues, and salaries payable.
Answer the following statement true (T) or false (F)
False
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Clarion Corp invested cash in a 6-month certificate of deposit (CD) on November 1, 2016 . If Clarion Corp has an accounting period that ends on December 31, 2016, when should Clarion recognize interest revenue from the CD?
a. On December 31, 2016 only b. On May 1, 2017 only c. Both December 31, 2016 and May 31, 2017 d. On the date when its income tax return is filed
Vertical analysis is used to reveal patterns in data covering two or more successive periods.
Answer the following statement true (T) or false (F)
You have been asked to report on the competitive environment in the restaurant industry; therefore, you develop the ________ necessary to decide how to manage in the given environment.
A. competitive intelligence B. historical trends C. benchmarking D. switching costs E. barriers to entry
________ systems provide some portion of any profit for distribution to employees
Fill in the blanks with correct word