Sauces n' Syrups, Inc, and Thad's Sweet & Spicy Bottling Planthave a manufacturing franchise arrange¬ment. This involves the transfer of
a. a license.
b. a trade name.
c. the formula to make a certain product.
d. the ownership of the business.
C
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Which of the following is considered an unusual item affecting the prior period's income statement?
A) Fixed asset impairments B) Errors C) Extraordinary item D) Discontinued operations
List and describe the three levels of ethical development
What will be an ideal response?
On December 31, a business estimates depreciation on equipment used during the first year of operations to be $2,900 . (a) Journalize the adjusting entry required on December 31 . (b) If the adjusting entry in (a) were omitted, which items would be erroneously stated on (1) the income statement for the year and (2) the balance sheet as of December 31?
The ratio that measures how many times a company replenishes its inventory in a year is the:
A. days to collect ratio. B. receivables turnover ratio. C. inventory turnover ratio. D. days to sell ratio.